INTERNATIONAL FLAVORS & FRAGRANCES INC - 8-K Filing
International Flavors & Fragrances Inc (IFF) entered into an agreement on May 28, 2026, to sell its Food Ingredients business to CVC Capital Partners for approximately $4.3 billion. The transaction is expected to generate net cash proceeds of about $3.8 billion and a minority equity stake valued at around $200 million (9.9% ownership). This move aligns with IFF's strategy to focus on higher-growth, innovation-driven segments like Taste, Scent, and Health & Biosciences. (Items: 1.01 Entry into a Material Definitive Agreement, 8.01 Other Events, 9.01 Financial Statements and Exhibits)
Tickers: $IFF