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McCormick buys Reckitt Benckiser food unit for US$4.2b

New York

MCCORMICK & Co has agreed to acquire Reckitt Benckiser Group Plc's food business for US$4.2 billion, a deal that would add French's mustard and Frank's RedHot sauce to the spice giant's lineup.

The transaction is expected to be completed in the third or fourth quarter...

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