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Today's Summary

unilever announced it was acquiring Grüns for an estimated $1.2 billion. grüns founder says hes not done here. the company is paying an implied multiple of 4 times estimated trailing revenue.unilever mccormick deal under pressure as $40bn foods merger faces backlash. despite this, foods is among Unilevers strongest performers. unilevers says it remains committed to merger with McCormick.executives have yet to convince stakeholders that the $40 billion deal is for the best. the negative market reaction likely reflects the food industrys weak history with mega-mergers and current pressure on valuations more than concerns about the Reverse Morris Trust structure.