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
- International Flavors & Fragrances Inc. (NYSE:IFF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- International Flavors & Fragrances Inc. (NYSE: IFF) had its price target raised by analysts at Barclays PLC from $82.00 to $93.00. They now have an "equal weight" rating on the stock.MarketBeat
- International Flavors & Fragrances Inc. (NYSE: IFF) had its price target raised by analysts at Citigroup Inc. from $100.00 to $108.00. They now have a "buy" rating on the stock.MarketBeat
- International Flavors & Fragrances Inc. (NYSE: IFF) had its price target raised by analysts at Wells Fargo & Company from $100.00 to $110.00. They now have an "overweight" rating on the stock.MarketBeat
- International Flavors & Fragrances Inc. (NYSE: IFF) had its price target raised by analysts at Robert W. Baird from $100.00 to $110.00. They now have an "outperform" rating on the stock.MarketBeat
IFF
Earnings
- 5/6/24 - Beat
IFF
Sec Filings
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- 5/7/24 - Form 4
- IFF's page on the SEC website