IFF Begins Trading on the Tel Aviv Stock Exchange
09 October 2018 - 5:00PM
Business Wire
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF)
(Euronext Paris: IFF) (TASE: IFF) today announced that effective
today, the Company has listed and begun trading on the Tel Aviv
Stock Exchange (TASE) under the symbol “IFF.” The TASE listing
follows the completion of IFF’s acquisition of Frutarom, which was
announced on October 4, 2018. The TASE listing will not alter IFF’s
share count, capital structure, or current stock-listings on the
New York Stock Exchange (NYSE) and Euronext Paris, where it also
trades under the symbol “IFF.”
“IFF is very excited and committed to continue Frutarom’s
longstanding history as a major presence in Israel, both through
our significant local operations and now with the listing of IFF
shares on the Tel Aviv Stock Exchange,” said Andreas Fibig, IFF
Chairman and CEO. “By expanding our shareholder base in Israel, the
listing will allow local investors to be part of the new IFF. We
look forward to accelerating profitable growth, enhancing free cash
flow and generating returns for local shareholders and all other
IFF shareholders around the world.”
The IFF and Frutarom combination creates a global leader in
natural taste, scent and nutrition with expected 2018 pro-forma
sales of $5.3 billion. Both IFF and Frutarom have long histories of
strength in R&D, and the combined company will be leveraging
these capabilities to further innovate its portfolio of products.
The combined company will be headquartered in New York City and
will maintain a presence in Israel.
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext
Paris: IFF)(TASE: IFF) is a leading innovator of scent, taste, and
nutrition, with over 110 manufacturing facilities, 100 R&D
centers, and 33,000 customers globally. 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 experience in more than 150,000
unique products sold annually. Our 13,000 team members globally
take advantage of leading consumer insights, naturals exploration,
research and development, creative expertise, and customer intimacy
to develop differentiated offerings for consumer products. Learn
more at www.iff.com, Twitter, Facebook, Instagram, and
LinkedIn.
International Flavors & Fragrances Inc.521 West 57th
StreetNew York, NY 10019
T +212.765.5500F +212.708.7132iff.com
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version on businesswire.com: https://www.businesswire.com/news/home/20181008005771/en/
International Flavors & Fragrances Inc.Michael DeVeau,
212-708-7164VP, Global Corporate Strategy, Investor Relations &
CommunicationsMichael.DeVeau@iff.com
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