{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-070723","form_type":"8-K","ticker":"IFF","cik":"0000051253","company_name":"INTERNATIONAL FLAVORS & FRAGRANCES INC","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.641790+00:00","generated_at":"2026-06-04T14:09:19.550625+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IFF sells Pharma Solutions to Roquette for $2.85B enterprise value","bullets":["Enterprise value up to $2.85B; EV/EBITDA multiple of ~13x.","Pharma Solutions generated ~$1B revenue in 2023 with ~1,100 employees across 10 sites.","Transaction expected to close first half 2025, subject to regulatory approvals.","Sale supports IFF's debt leverage reduction target of 3.0x or below; portfolio optimization.","CEO Erik Fyrwald says sale enables focus on core long-term profitable growth drivers."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-070723","json":"https://secwatch.observer/filing/0001193125-24-070723.json","markdown":"https://secwatch.observer/filing/0001193125-24-070723.md","text":"https://secwatch.observer/filing/0001193125-24-070723.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/51253/000119312524070723/0001193125-24-070723-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/51253/000119312524070723/d762016d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T14:09:19.550625+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}