Nearly one year ago (May 22, 2022), DSM and Firmenich announced that the companies entered into a business combination agreement to establish “DSM-Firmenich.” The combination is said to bring together Firmenich’s Perfumery and Taste businesses, its science platforms, and associated co-creation capabilities with DSM’s Health and Nutrition portfolio and scientific expertise.
Related: Key Takeaways from the DSM-Firmenich Merger
Since then, the companies have had to acquire necessary approvals (by AFM) and clearances (European Commission) to move forward. As of April 3, 2023, DSM and Firmenich officially obtained competition clearance from the Competition Commission of India (CCI). The two companies now have competition clearance in all required jurisdictions, as a result of which the Transaction Condition relating to the competition clearances has now been satisfied.
Tentative Upcoming Events (subject to change):
Acceptance Closing Date: April 17, 2023
Unconditional Date (The date on which the Company shall declare the Exchange Offer unconditional): April 17, 2023
First Trading Date (The first trading date for the DSM-Firmenich Ordinary Shares on an as-if-and-when delivered basis): April 18, 2023
Settlement Date: April 20, 2023
Firmenich Contribution Date (The date on which the shares in the capital of Firmenich will be contributed to the Company Week commencing): May 8, 2023
![[The gourmand fragrance] category is growing at a rate of +77.5% YoY, with an average of 4.2K monthly searches.](https://img.perfumerflavorist.com/files/base/allured/all/image/2024/04/AdobeStock_567491029.6627d20446277.png?auto=format%2Ccompress&fit=crop&h=191&q=70&w=340)
