IFF to purchase DuPont's diet unit for $26.2 bln


Dec 15 (Reuters) – International Flavors & Fragrances Inc on Sunday said it will buy DuPont Inc’s nutrition & biosciences unit for $26.2 billion in a deal that will create a new combined company.

Under terms of the deal, DuPont shareholders will own 55.4% of the shares of the new company and existing IFF shareholders will own 44.6%, IFF said in a statement. (Reporting by Shubham Kalia in Bengaluru Editing by Nick Zieminski)



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