IFF to merge with DuPont’s Nutrition & Biosciences unit creating a US$45bn company

USA – The International Flavors & Fragrances (IFF) has entered into a definitive agreement to merge with DuPont’s Nutrition & Biosciences (N&B) business in a transaction that will create a US$45.4 billion company on an enterprise value basis. Under the terms of the agreement, which according to a statement from the company has been unanimously approved by both Boards of Directors, DuPont shareholders will own 55.4% of the shares of the new company. Existing IFF shareholders will own 44.6% in the combined company. The company will be headquartered in New…

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