International Flavors & Fragrances Says It Continues To Pursue Sale Of Cosmetic Ingredients Business, Lucas Meyer Cosmetics
Portfolio Pulse from Benzinga Newsdesk
International Flavors & Fragrances (IFF) has announced that it is continuing to pursue the sale of its cosmetic ingredients business, Lucas Meyer Cosmetics.
September 19, 2023 | 8:26 pm
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NEUTRAL IMPACT
IFF's announcement of its continued pursuit to sell Lucas Meyer Cosmetics could potentially impact its stock price.
The sale of a business unit can have various impacts on a company's stock price. It could be seen as a positive move if investors believe the sale will allow the company to focus on more profitable areas. However, it could also be seen negatively if the unit being sold is perceived as valuable. At this stage, without more information on the potential buyer and the terms of the sale, the impact on IFF's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100