Sources tell Mergermarket that Unilever (NYSE:) is and has hired a major Wall Street bank to help with the sale.
Details about the transaction weren’t revealed, including a potential asking price for the salad dressing business. The Dutch consumer giant was working with Goldman Sachs (NYSE:) to explore its options in the sale, according to the report.
Earlier this year, Unilever’s CEO said that the company would seek to sell its non-core food businesses.
There are a number of possible bidders for Wish-Bone, including Pinnacle Foods
(NYSE:).
In January, Unilever sold its Skippy Peanut Butter business to Hormel Foods (NYSE:) for about $700 million.
Shares of Unilever fell fractionally in Monday morning trading.
