IFF Receives Final Antitrust Clearance for Acquisition of Frutarom
14.9.2018 10:45:00 CEST | Business Wire | Press release
Regulatory News:
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris:IFF), a leading innovator of sensorial experiences that move the world, today announced that it has received antitrust clearance from all relevant antitrust authorities around the world, and all applicable antitrust and competition laws have been satisfied.
“We are pleased that we’ve received our final antitrust clearance from Russia to proceed with our combination with Frutarom,” said IFF Chairman and CEO, Andreas Fibig. “Building on our strong momentum – having obtained Frutarom shareholder approval and receiving all relevant antitrust clearance – we continue to make significant progress in our integration planning. With great execution from our teams, we are on-track to close the transaction in early October – ahead of our original expectation.”
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF)
(Euronext Paris:IFF) is a leading innovator of sensorial experiences
that move the world. At the heart of our company, we are fueled by a
sense of discovery, constantly asking “what if?”. That passion for
exploration drives us to co-create unique products that consumers taste,
smell, or feel in fine fragrances and beauty, detergents and household
goods, as well as beloved foods and beverages. Our 7,300 team members
globally take advantage of leading consumer insights, research and
development, creative expertise, and customer intimacy to develop
differentiated offerings for consumer products.
Cautionary Statement Regarding Forward-Looking Statements
This
press release includes “forward-looking statements” under the Federal
Private Securities Litigation Reform Act of 1995, including the
completion and timing of the offerings described, the anticipated use of
proceeds from the offerings and completion of the merger. These
statements involve risks and uncertainties that could cause actual
results to differ materially, including, but not limited to, the ability
to satisfy customary closing conditions with respect to the offering,
prevailing market conditions, and the impact of general economic,
industry or political conditions in the United States or
internationally. Additional risks and uncertainties relating to the
offering, IFF and its business can be found in IFF’s SEC filings,
including IFF’s Annual Report on Form 10-K for the year ended December
31, 2017 filed with the Commission on February 27, 2018. IFF undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise.
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Contact information
International Flavors & Fragrances Inc.
Michael DeVeau,
212-708-7164
VP, Global Corporate Strategy, Investor Relations &
Communications
Michael.DeVeau@iff.com
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