International Flavors & Fragrances Inc.

NYSE:IFF   9:49:59 AM EDT
132.61
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Debt Financing / Related, Business Deals, Share Repurchases

Lanxess Signs Contract To Acquire Microbial Control Business Of IFF

Published: 08/23/2021 22:39 GMT
International Flavors & Fragrances Inc. (IFF) - Dgap-adhoc: Lanxess Aktiengesellschaft: Lanxess Signs Contract to Acquire Microbial Control Business of Iff.
Transaction With Enterprise Value of USD 1.3 Billion Cos Has Secured Bridge Financing.
Closing of Transaction is Expected in Q2 of 2022.
Against This Background, Currently Suspended Share Buy-back Program in Amount of EUR 463 Million Will Be Terminated.
Approximately 1.1 Million Repurchased Shares Under Program Will Be Cancelled.