Investors Lift IFF After High-Value Sale and Big Buyback Propel Shares to 52-Week High
International Flavors & Fragrances shares rose in pre-market trading after the company unveiled the sale of its Food Ingredients unit for about $4.3 billion and a $2.5 billion share buyback, moves that have supported investor appetite even though second-quarter headline results fell short of Wall Street estimates. On a continuing-operations basis, …