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DuPont’s Nutrition Business Spin-Off Through Subsidiaries Merger With IFF Moves Toward Closing

 
• By Malcolm Spicer

IFF announces preliminary results of more than 99% of votes approving issuing shares pursuant to an agreement that positions it as acquiring DuPont Nutrition & Biosciences under a “reverse Morris trust” transaction. The merger is between DuPont Nutrition & Biosciences and a subsidiary IFF established as a corporate entity to conduct the transaction.

Group of business people assembling jigsaw puzzle, team support and help concept

A year after DuPont de Nemours Inc. combined its nutrition and health and industrial biosciences divisions for a larger health, home and personal care market profile, it’s closer to completing a deal to spin off the business in a merger with International Flavors & Fragrances Inc.

IFF on 27 August announced preliminary results showed its shareholders approved, with more than 99% of votes in favor, issuing shares pursuant to an agreement announced in December 2019 that positions it as acquiring Wilmington,

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