IFF Vies With Kerry in Deal for DuPont Nutrition Business [Yahoo! Finance News]
International Flavors & Fragrances, Inc. (IFF)
Last international flavors & fragrances, inc. earnings: 2/12 04:15 pm
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Source: Yahoo! Finance News
) -- International Flavors & Fragrances Inc. has emerged as a strong contender to purchase DuPont Inc.’s nutrition division, challenging Ireland’s Kerry Group for the $25 billion asset, according to people with knowledge of the matter. IFF and Kerry are both negotiating with DuPont and the winner could reach a deal by year-end, the people said, asking not to be identified as the discussions are private. The transaction will create a new company comprised of the bidder’s assets and DuPont’s nutrition business that will be spun off to existing investors, the people said. DuPont shareholders will emerge from the so-called Reverse Morris Trust with a significant stake in the business, the people said. The new company aims to have an investment-grade credit rating and its board will include directors from DuPont and the bidder, the people said. The transaction is likely to take at least a year to close, they said. Representatives for DuPont, IFF and Kerry declined to comment. Discussions b
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News
- Protein Alternatives Market Size to Surpass USD 29.63 Billion by 2032, Exhibiting a CAGR of 7.9%| Polaris Market Research [Yahoo! Finance]Yahoo! Finance
- Global Texture Modifying Agents Market to Hit USD 9,891.5 Million by 2034 Amid Growing Demand Across Food, Pharma, and Personal Care Industries | Future Market Insights, Inc. [Yahoo! Finance]Yahoo! Finance
- IFF Launches TEXSTAR™, Pioneering Enzyme Set to Transform Fresh Fermented Food TexturesPR Newswire
- IFF Launches TEXSTAR™, Pioneering Enzyme Set to Transform Fresh Fermented Food TexturesPR Newswire
- International Flavors & Fragrances Inc. (NYSE: IFF) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $110.00 price target on the stock, down previously from $111.00.MarketBeat
IFF
Earnings
- 11/5/24 - Miss
IFF
Sec Filings
- 11/12/24 - Form 4
- 11/12/24 - Form 144
- 11/5/24 - Form 10-Q
- IFF's page on the SEC website