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Non-Tech : DuPont (DD)
DD 41.07+0.1%9:30 AM EST

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To: IntoOLEDs who wrote (108)2/1/2021 7:57:05 AM
From: Jo Ellen T   of 109
 
<< Under the terms of the transaction, which was previously announced on December 15, 2019 and received approval from IFF shareholders on August 27, 2020, the combination was executed through a Reverse Morris Trust transaction. As a result of the completion of the transaction, DuPont received a one-time $7.3 billion cash payment, subject to adjustment. Effective at transaction close, DuPont shareholders own 55.4% of the combined company and IFF’s shareholders own 44.6%. IFF continues its commitment to maintaining an investment grade rating. >>

streetinsider.com

GL to us

Jo Ellen
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