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Investigation announced for Investors in International Flavors & Fragrances Inc. (NYSE: IFF) over Takeover

06-17-2020 01:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors of International Flavors & Fragrances Inc. (NYSE: IFF).

An investigation on behalf of investors of International Flavors & Fragrances Inc. (NYSE: IFF).

An investigation on behalf of investors, who currently hold shares of International Flavors & Fragrances Inc. (NYSE: IFF), was announced concerning the takeover of International Flavors & Fragrances Inc..

Investors who purchased shares of International Flavors & Fragrances Inc. (NYSE: IFF) and currently hold any of those NYSE: IFF shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of International Flavors & Fragrances Inc. breached their fiduciary duties owed to NYSE: IFF investors in connection with the proposed acquisition.

On December 15, 2019, International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris: IFF) (TASE: IFF) and DuPont (NYSE: DD) announced that they have entered into a definitive agreement for the merger of International Flavors & Fragrances Inc. and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. Following the merger, DuPont shareholders will own 55.4% of the combined company and IFF's shareholders will own 44.6%.

However, given that at least one analyst has set the high price target for NYSE: IFF shares at $156.00 per share, the investigation concerns whether the offer is unfair to NYSE: IFF stockholders. More specifically, the investigation concerns whether the International Flavors & Fragrances Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

International Flavors & Fragrances Inc. (NYSE: IFF) reported that its annual Total Revenue rose from over $3.97 billion in 2018 to over $5.14 billion in 2019, and that its Net Income increased from $337.3 million in 2018 to $455.87 million in 2019.

Shares of International Flavors & Fragrances Inc. (NYSE: IFF) closed on June 16, 2020, at $129.05 per share.

Those who are current investors in International Flavors & Fragrances Inc. (NYSE: IFF) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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