BRIEF-IFF To Sell Its Food Ingredients Business To CVC For About $4.3 Bln

International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc.

IFF

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May 29 (Reuters) - International Flavors & Fragrances Inc IFF.N:

  • IFF ENTERS INTO AGREEMENT TO SELL ITS FOOD INGREDIENTS BUSINESS TO CVC

  • INTERNATIONAL FLAVORS FRAGRANCES INC: TRANSACTION THAT VALUES BUSINESS AT APPROXIMATELY $4.3 BILLION

  • INTERNATIONAL FLAVORS FRAGRANCES - TO RETAIN 10% MINORITY EQUITY INTEREST VALUED AT $200 MILLION IN FOOD INGREDIENTS BUSINESS

  • INTERNATIONAL FLAVORS FRAGRANCES - DEAL EXPECTED TO BE DILUTIVE TO ADJUSTED EPS IN FIRST 12 MONTHS AFTER CLOSING

  • INTERNATIONAL FLAVORS FRAGRANCES: EXPECTS TO RECEIVE NET CASH PROCEEDS OF ABOUT $3.8 BILLION AT DEAL CLOSE

  • INTERNATIONAL FLAVORS FRAGRANCES INC: REITERATING ITS PREVIOUSLY COMMUNICATED FULL-YEAR 2026 GUIDANCE RANGES

Source text: ID:nFWN42612Z

Further company coverage: IFF.N


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