US - based International Food and Foods ( IFF ) has announced that its $ billion acquisition of Israeli company [UNK] has received full regulatory approval following antitrust approval from Israel . The deal is expected to close by early October , ahead of the original scheduled closing time . “Building on our strong momentum – having obtained Frutarom shareholder approval and receiving all relevant antitrust clearance – we continue to make significant progress in our integration planning. As per the deal , Frutarom president and chief executive Ori Yehudai will serve as strategic adviser supporting Fibig . The combined companies will be headquartered in New York , but maintain a presence in Israel .
US - based International Food and Foods ( IFF ) has announced that its $ billion acquisition of Israeli company [UNK] has received full regulatory approval following antitrust approval from Israel . The deal is expected to close by early October , ahead of the original scheduled closing time . As per the deal , Frutarom president and chief executive Ori Yehudai will serve as strategic adviser supporting Fibig . The combined companies will be headquartered in New York , but maintain a presence in Israel .