NEW YORK--(BUSINESS WIRE)--Nov. 1, 2017--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris:
IFF), a leading innovator of sensory experiences that move the world,
announced that its Board of Directors has approved an extension of its
existing share repurchase authorization through 2022, with a total value
of $300 million, including approximately $50 million remaining on its
prior authorization. The purchases will be made from time to time on the
open market or through private transactions as market and business
conditions warrant. Repurchased shares will be placed into treasury
stock.
“The share repurchase authorization is consistent with our established
return of capital strategy and reinforces our belief that IFF is
well-positioned for the future,” said IFF Chairman and CEO Andreas
Fibig. “Our strong financial position and cash generation enables us to
return cash to our shareholders as we continue to strategically invest –
both organically and through acquisitions – to create long-term value
for our shareholders.”
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
is a leading innovator of sensorial experiences that move the world. At
the heart of our company, we are fueled by a sense of discovery,
constantly asking “what if?”. That passion for exploration drives us to
co-create unique products that consumers taste, smell, or feel in fine
fragrances and beauty, detergents and household goods, as well as
beloved foods and beverages. Our 7,400 team members globally take
advantage of leading consumer insights, research and development,
creative expertise, and customer intimacy to develop differentiated
offerings for consumer products. Learn more at www.iff.com,
Twitter,
Facebook,
Instagram,
and LinkedIn.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20171101006780/en/
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Michael DeVeau,
212-708-7164
VP, Corporate Strategy, Investor Relations &
Communications
Michael.DeVeau@iff.com
