Brief: IFF To Sell Its Food Ingredients Business To CVC For About $4.3 Bln
BRIEF-IFF To Sell Its Food Ingredients Business To CVC For About $4.3 Bln 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
((Reuters.Briefs@thomsonreuters.com;))
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