International Flavors & Fragrances is merging with DuPont's nutrition and biosciences unit, creating a $45.4 billion consumer goods giant.
. Breen said two other companies were also bidding for the DuPont division. The deal is expected to take 12 to 13 months to close and will create a $45 billion consumer giant.
Meat alternatives are one area that could benefit from the strength of the new company's research and development division. DuPont produces the plant-based proteins used in meatless alternatives, while IFF creates the flavors and colors. Shares of IFF, which has a market value of $13.4 billion, are trading down nearly 7% Monday morning. DuPont's stock, which has a market value of $48.3 billion, were up less than 1%.
Under terms of the agreement, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%, IFF said in a statement. Industrial materials maker DuPont will also receive a one-time cash payment of $7.3 billion upon closing of the deal, IFF added.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
U.S. exports to China to nearly double in 'totally done' trade deal: LighthizerU.S. Trade Representative Robert Lighthizer put the onus on China’s decisionmakers for the success of the ‘phase one’ trade deal that was concluded on Dec. 13
Consulte Mais informação »
Steve Burke to step down as CEO of NBCUniversalShell will take over a company in transition, most notably as entertainment companies move to compete with competitors from the tech industry.
Consulte Mais informação »
The Return on Investment of Workplace Mentoring InitiativesNew insights confirm that companies who invest in formal workplace mentoring programs experience substantial returns.
Consulte Mais informação »
Fremantle Sets Up New Italian Development and Production Company, The Apartment (EXCLUSIVE)Fremantle is expanding its footprint in Italy by setting up a new development and production company focused on high-end scripted content and headed by Lorenzo Mieli, the producer of such shows as …
Consulte Mais informação »
17 Chic AF Plus-Size Dresses You Can Snag at Seasonal SalesWe love a good seasonal sale.
Consulte Mais informação »
19 special-edition holiday gifts that help fight HIV/AIDS with every purchaseSince the holidays are all about giving, it might be beneficial to buy from socially aware companies who turn around and give back to other organizations like the Global Fund
Consulte Mais informação »