| 2018-08-07 05:23:13|
IFF 05:23 08/07 08/07/18
Frutarom holders approve transaction with International Flavors
International Flavors & Fragrances and Frutarom Industries announced that Frutarom shareholders voted to approve the proposed combination of Frutarom and IFF at the special general meeting of Frutarom shareholders. Of the votes cast at the special general meeting, 94.6% were in favor of the proposed merger, representing approximately 74.7% of all outstanding shares. Upon the closing of the transaction, Frutarom's shareholders will receive for each Frutarom share $71.19 in cash and 0.249 of a share of IFF common stock. The transaction remains subject to clearance by the relevant regulatory authorities and other customary closing conditions, and is expected to close in Q4.