McCormick & Company Buys Reckitt Benckiser's Food Division: No Bargain, But Not Bad

MKC has acquired RBGLY's Food business for $4.2 billion, considerably ahead of originally anticipated bid prices.

Although perhaps expensive, MKC has emerged with an attractive set of brand assets including French's and Frank's RedHot.

Longer-term both shareholders in RBGLY and MKC should be happy with the deal's outcome even if RBGLY's are perhaps more content with the price tag.

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