IFF takes over with DuPont nutrition division in $ 26.2 billion deal

IFF takes over with DuPont nutrition division in $ 26.2 billion deal

International Flavours & Fragrances Inc. (IFF) has reached a $ 26.2 billion contract with the nutrition division of DuPont Inc. and beat the Irish Kerry Group. This deal will create a new company that includes DuPont’s nutrition business and bidder’s assets. The market value of these two new companies will reach $ 45.4 billion, DuPont shareholders will receive 55.4% of the shares, and IFF shareholders will receive 44.6%. The deal is the largest IFF in New York’s history, and the company produces flavors and fragrances for personal care, beverages, food,…

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