Hot Dog! McCormick Is Buying French's Mustard & Frank's RedHot Sauce
McCormick & Company Inc. (NYSE: MKC) recently announced it will acquire the food division of British consumer goods company Reckitt Benckiser Group plc in a $4.2 billion deal that is expected to close later this year.
Many products familiar to U.S. shoppers will join McCormick, including Frank's RedHot hot sauce, French's ketchup, French's mustard, and Cattleman's barbecue sauce. The deal will make McCormick the largest supplier of condiments in the United States.
Image source: McCormick.
Source: Fool.com
Mccormick & Comp. Stock
€68.08
-0.440%
Currently there is a rather positive sentiment for Mccormick & Comp. with 5 Buy predictions and 3 Sell predictions.
However, we have a potential of -1.59% for Mccormick & Comp. as the target price of 67 € is below the current price of 68.08 €.
