- International Flavors & Fragrances' Nutrition & Biosciences deal finally closed earlier this year.
- The huge deal caused quite an overhang as the pandemic hit both businesses a bit last year.
- Closing of the deal and solid outlook for 2021 are reassuring investors as the premium valuation vs. the market has been restored.
- After 25% returns since the start of the year, valuation re-rating seems close to be completed after the worst concerns are alleviated, and the focus is on the future again.
For further details see:
International Flavors & Fragrances: What A Difference Half A Year Makes