Givaudan acquires 40.6 percent of Naturex shares, intends to launch cash tender offer for remaining shares
As part of its 2020 strategy to strengthen its capabilities in natural flavour solutions for its customers, Givaudan has announced that it has entered into an agreement to acquire 40.6 percent of the shares of Naturex, a French public listed company, for EUR 135 per share and a total consideration of EUR 522 million. This agreement is subject to all of the appropriate regulatory approvals.
Givaudan intends to launch a mandatory cash tender offer for all remaining outstanding shares of Naturex, at a price of EUR 135 per share. The Board of Directors and Management of Naturex are fully supportive of the transaction.