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Fly News Breaks for December 16, 2019
IFF, DD
Dec 16, 2019 | 08:39 EDT
Deutsche Bank analyst Faiza Alwy believes IFF's (IFF) acquisition of Dupont's (DD) Nutrition & BioSciences division for $26.2B makes long-term strategic sense as the company looks to expand the breadth of its product portfolio. The analyst keeps a Buy rating on IFF shares but does expect "short-term disruption."