IFF Acquires Frutarom for $7.1 Billion

International Flavors & Fragrances Inc. (IFF, New York) and Israel-based Frutarom have announced that they have entered into a definitive agreement under which IFF will acquire Frutarom in a cash and stock transaction valued at approximately $7.1 billion, including the assumption of Frutarom’s net debt. Under the terms of the agreement, which has been unanimously ...