FFG makes tender offer for Technology Flavors & Fragrances
The offer is being made pursuant to the previously announced Agreement and Plan of Merger among the companies.
17/05/05 FFG Industries, Inc. has commenced a tender offer through a wholly owned subsidiary to purchase all of the outstanding shares of common stock of Technology Flavors & Fragrances, Inc.
The offer is being made pursuant to the previously announced Agreement and Plan of Merger among the companies. Following the successful completion of the tender offer, Technology Flavors & Fragrances will be merged with the wholly owned subsidiary of FFG Industries, and as a result Technology Flavors & Fragrances will become a private company.
The tender offer is not contingent upon obtaining financing, but is subject to the satisfaction of other conditions, including the absence of a material adverse change to the business or prospects of Technology Flavors & Fragrances or the consolidated company after the merger.
The Board of Directors of Technology Flavors & Fragrances has unanimously approved the transaction and recommended that stockholders tender their shares in the tender offer.
