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Archer-Daniels-Midland (NYSE:ADM) just lately evaluated a attainable acquisition of Worldwide Flavors & Fragrances Inc.’s (NYSE:IFF) meals and beverage enterprise.
ADM has been taking a look at potential purchases, together with IFF’s Nourish division, prior to now few months, in response to a Bloomberg report Tuesday, which cited individuals conversant in the matter. It’s not clear if there are presently talks between the 2 companies.
IFF is seeking to shed some companies because it tries to enhance the corporate, with its shares down 30% this 12 months. Bloomberg reported final month that IFF was working with an adviser to guage the potential sale of its pharma options unit. The unit might see greater than $3.5 billion in a sale.
IFF could also be attempting to jettison the Nourish unit it acquired when it bought Dupont’s (DD) diet and biosciences enterprise for $26 billion in 2021.