Merger Deal between Enzymotec and Frutarom Approved by 99.9% Majority of Enzymotec Shareholders
ENZYMOTEC LTD ORDINARY SHARES (ENZY)
Last enzymotec ltd ordinary shares earnings: 11/15 07:30 am
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enzymotec.com
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Source: GlobeNewswire
HERZLIYA, Israel, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Frutarom Industries Ltd. ("Frutarom"), one of the world's 10 largest companies in the field of flavors and natural specialty fine ingredients, reports that the shareholders of Enzymotec Ltd., a public Israeli company whose shares are traded on NASDAQ (under the symbol ENZY) (“Enzymotec”), approved today by large majority the merger transaction between Frutarom and Enzymotec. The transaction was approved at Enzymotec’s General Meeting which convened on December 11, 2017 by 99.9% majority of shareholders present at the meeting and entitled to vote. Following approval by Enzymotec’s General Meeting, completion of the merger transaction is expected within 30 days from today, following which Enzymotec will be delisted from trading on NASDAQ and become a fully-owned subsidiary of Frutarom. In exchange for acquiring full ownership of Enzymotec, Frutarom will pay approximately US$210 million net of cash, deposits and securities in Enzym
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