Under terms of the agreement, 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. Industrial materials maker DuPont will also receive a one-time cash payment of $7.3 billion upon closing of the deal, IFF added. IFF Chief Executive Officer Andreas Fibig will run the combined company and will also continue to be chairman of the board. …read more
Source:: Yahoo Finance
