FRUT.TA - Frutarom Industries Ltd.

Tel Aviv - Tel Aviv Delayed Price. Currency in ILS
37,510.00
0.00 (0.00%)
As of 10:11AM IDT. Market open.
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Previous Close37,510.00
Open37,450.00
Bid37,510.00 x 4200
Ask37,520.00 x 2400
Day's Range37,410.00 - 37,520.00
52 Week Range26,670.00 - 37,920.00
Volume13,246
Avg. Volume196,621
Market Cap22.343B
Beta0.23
PE Ratio (TTM)12,625.38
EPS (TTM)2.97
Earnings DateNov 13, 2018 - Nov 20, 2018
Forward Dividend & Yield0.50 (0.13%)
Ex-Dividend Date2018-04-22
1y Target Est95.74
  • Moody's6 days ago

    International Flavors & Fragrances, Inc. -- Moody's downgrades International Flavors & Fragrances, Inc. to Baa3; outlook stable

    Moody's Investors Service, ("Moody's") downgraded International Flavors & Fragrances, Inc.'s (IFF) long-term debt ratings to Baa3 from Baa1 due to its pending acquisition of Frutarom for approximately $7.0 billion including the assumption of net debt. At the same time, Moody's assigned Baa3 ratings to the proposed dual-currency, multi-tranche USD and Euro senior unsecured notes, the proceeds of which will be applied towards the funding of the Frutarom acquisition. Furthermore, the short-term rating was downgraded to Prime-3 from Prime-2.

  • Thomson Reuters StreetEvents14 days ago

    Edited Transcript of FRUT.TA earnings conference call or presentation 23-Aug-18 1:00pm GMT

    Q2 2018 Frutarom Industries Ltd Earnings Call

  • GlobeNewswire28 days ago

    Another Record Quarter for Frutarom: Continues to Successfully Implement Its Rapid & Profitable Growth Strategy

    DOUBLE DIGIT GROWTH IN SALES AND PROFITS AND RECORD MARGINS: OVER 23% EBITDA IN ITS CORE ACTIVITIES A 42.3% INCREASE IN NET INCOME TO A RECORD US$ 52.9 MILLION. Sales grew by 16.8% to a record US$ 401.3 ...

  • Reuterslast month

    Frutarom shareholders approve $7.1 billion deal with IFF

    TEL AVIV (Reuters) - Shareholders in flavours and ingredients maker Frutarom (FRUT.TA) have approved its $7.1 billion (£5.5 billion) acquisition by International Flavors & Fragrances (IFF.N), the Israeli ...

  • Reuterslast month

    Frutarom shareholders approve $7.1 bln deal with IFF

    Shareholders in flavours and ingredients maker Frutarom have approved its $7.1 billion acquisition by International Flavors & Fragrances , the Israeli company said on Tuesday. Frutarom said 94.6 percent of the shareholders who participated in the special meeting, representing 74.7 percent of the voting rights in the company, approved the deal. IFF said in May it would buy Frutarom in a cash and stock deal as it vies for the industry's top spot with market leader Givaudan.

  • GlobeNewswirelast month

    Frutarom Shareholders Approve Transaction with IFF by a Majority of 94.6%

    International Flavors & Fragrances Inc. (IFF) (Euronext Paris: IFF) and Frutarom Industries Ltd. (FRUT.TA) (LSE:FRUTq) today announced that Frutarom shareholders voted to approve the proposed combination of Frutarom and IFF at the special general meeting of Frutarom shareholders that was held yesterday. “We are pleased that Frutarom shareholders have approved the combination with IFF, marking another milestone on our path to unlock the value creation potential of the combined company,” said IFF Chairman and CEO, Andreas Fibig.

  • Business Wirelast month

    Frutarom Shareholders Approve Transaction with IFF by a Majority of 94.6%

    International Flavors & Fragrances Inc. (IFF) (Euronext Paris: IFF) and Frutarom Industries Ltd. (FRUT.TA) (LSE:FRUTg) today announced that Frutarom shareholders voted to approve the proposed combination of Frutarom and IFF at the special general meeting of Frutarom shareholders that was held yesterday. “We are pleased that Frutarom shareholders have approved the combination with IFF, marking another milestone on our path to unlock the value creation potential of the combined company,” said IFF Chairman and CEO, Andreas Fibig.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of FRUT.TA earnings conference call or presentation 29-May-18 1:00pm GMT

    Q1 2018 Frutarom Industries Ltd Earnings Call

  • Benzinga3 months ago

    International Flavors & Fragrances May Be Overspending On M&A, Argus Says In Downgrade

    The lofty price paid by  International Flavors & Fragrances Inc (NYSE: IFF ) in a recent acquisition prompted an Argus analyst to move to the sidelines.  The Analyst Analyst John Staszak downgraded shares ...

  • International Flavors (IFF) Q1 Earnings Top, to Buy Frutarom
    Zacks4 months ago

    International Flavors (IFF) Q1 Earnings Top, to Buy Frutarom

    International Flavors & Fragrances' (IFF) first-quarter 2018 earnings gain from healthy segmental sales along with costs and productivity measures. Also, the buyout of Frutarom is expected to be advantageous.

  • Why International Flavors & Fragrances, Tower Semiconductor, and Dentsply Sirona Slumped Today
    Motley Fool4 months ago

    Why International Flavors & Fragrances, Tower Semiconductor, and Dentsply Sirona Slumped Today

    Find out which of these companies made an acquisition play.

  • Reuters4 months ago

    IFF to buy Israel's Frutarom for $7.1 billion, nearing top spot

    JERUSALEM/NEW YORK (Reuters) - International Flavors & Fragrances Inc (IFF.N) agreed to buy Israeli flavours and ingredients maker Frutarom (FRUT.TA) for $7.1 billion (5.24 billion pounds) in cash and stock on Monday, vying for the industry's top spot with market leader Givaudan (GIVN.S). The flavours and fragrances sector was expected to consolidate after Geneva-based Givaudan said in March it planned to launch an offer for French natural ingredients firm Naturex (NATU.PA) and Israeli media reported last month that Frutarom had attracted takeover interest. The deal marks another bet on the explosion of consumer preferences for smaller upstart brands that feature more natural products focused on health and wellness.

  • Moody's4 months ago

    International Flavors & Fragrances, Inc. -- Moody's places IFF's ratings on review for downgrade on deal announcement

    Moody's Investors Service has placed all ratings for International Flavors & Fragrances, Inc. ("IFF") on review for possible downgrade following the announcement that IFF will acquire Israel-based Frutarom for $7.1 billion, including the assumption of Frutarom's net debt. "The transaction represents a meaningful change financial policy, but management appears very committed to maintaining investment-grade ratings through public statements made earlier today," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for International Flavors & Fragrances, Inc.

  • Reuters4 months ago

    IFF to buy Israel's Frutarom for $7.1 bln in cash, stock

    International Flavors & Fragrances Inc. agreed to buy Israeli flavours and ingredients maker Frutarom for $7.1 billion in a cash and stock transaction that would create the leader in the sector, the companies said on Monday. Under the deal, which has been approved by both boards, Frutarom's shareholders will receive for each Frutarom share $71.19 in cash and 0.249 per share of IFF common stock for a total value of $106.25 per share. IFF, which is paying an 11 percent premium to Frutarom's May 6 close, also will assume Frutarom's net debt while the two companies will have combined revenue of $5.3 billion in 2018.

  • IFF Joins M&A Rush in Flavorings With $7.1 Billion Frutarom Deal
    Bloomberg4 months ago

    IFF Joins M&A Rush in Flavorings With $7.1 Billion Frutarom Deal

    International Flavors & Fragrances Inc. jumped into a rush of dealmaking in the food-flavoring industry, agreeing to buy Israel’s Frutarom Industries Ltd. for $7.1 billion including debt. The purchase, IFF’s biggest ever, will make the New York-based company the industry’s No. 2 player, displacing closely held Firmenich International SA and trailing Givaudan SA. The deal extends a consolidation push as growth slows and flavor makers contend with volatile raw-materials prices, Liberum analyst Adam Collins said in a note.

  • Business Wire4 months ago

    IFF to Combine with Frutarom to Create a Global Leader in Taste, Scent and Nutrition

    International Flavors & Fragrances Inc. (IFF) (Euronext Paris:IFF) and Frutarom (FRUT.TA) (LSE:FRUTq) today announced that they have entered into a definitive agreement under which IFF will acquire Frutarom in a cash and stock transaction valued at approximately $7.1 billion, including the assumption of Frutarom’s net debt. Under the terms of the agreement, which has been unanimously approved by the Boards of Directors of both companies, Frutarom’s shareholders will receive for each Frutarom share $71.19 in cash and 0.249 of a share of IFF common stock, which, based on the 10-day volume weighted average price (VWAP) for IFF’s common stock for the period ending May 4, 2018, represents a total value of $106.25 per share.

  • Reuters5 months ago

    Foreign competitors eye acquisition of Israel's Frutarom -media

    Two overseas companies recently approached Israel's Frutarom Industries regarding the possibility of acquiring the flavours and fine ingredients maker, financial news website Calcalist said on Wednesday. Frutarom said in a statement in response to the report that it had not reached any agreements with any company about a possible deal. Frutarom has a market value of $5.5 billion and any acquisition deal could be worth $6 billion-$6.5 billion, Israel's Calcalist said, adding that one of the interested companies was U.S.-based International Flavors & Fragrances , the No. 2 player in the sector globally.