Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon, today is Tuesday, March 31st, and I'm your host, Kim Khan.

Our top story so far, hot sauce meats mayo.

McCormick confirmed it reached an agreement to combine with Unilever's foods business,

excluding India and other certain operations. The companies say the deal will create a global

flavor leader in high-growth categories with roughly $20 billion in combined full-year 2025 revenue.

Under the terms, Unilever and its shareholders are expected to receive shares representing 65% of the fully diluted combined company, equivalent to about $29.1 billion, based on McCormick's one-month volume-weighted average price.

Unilever also gets $15.7 billion in cash, subject to closing adjustments.

Those terms imply an enterprise value of about $44.8 billion in cash, subject to closing adjustments. Those terms imply an enterprise value of about

$44.8 billion for Unilever foods, or about 13.8 times full year 2025 Ibadah. Upon closing,

Unilever shareholders are expected to own 55.1% of the combined company, McCormant shareholders

about 35%, and Unilever, roughly 9.9% directly.

Unilever food's portfolios include brands such as Nor and Helmonds, which account for roughly

70% of sales. McCormick's brands include French's, Franks Redhot, Cholula, Stubbs, and Old

Bay. Also in deal news, a palace pharmaceuticals is more than doubling,

after agreeing to be acquired by Biogen for $41 a share in a $5.6 billion transaction.

Among active stocks, Marvel Technology is rallying after Nvidia announced a $2 billion investment

in the company.

The two firms also unveiled a strategic partnership that will connect Marvel to NVIDIA announced a $2 billion investment in the company. The two firms also unveiled a strategic partnership

that will connect Marvel to NVIDIA's AI factory and AI RAN ecosystem

through NVLink Fusion.

Meanwhile, mainstream DDR5-16 gig-d RAM prices have declined 6%

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