DSM shareholders approve DSM-Firmenich merger
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DSM shareholders approve DSM-Firmenich merger

. The DSM Shareholders approved the proposed merger between DSM and Firmenich

  • By ICN Bureau | January 25, 2023

Royal DSM, a global purpose-led science-based company, held an Extraordinary General Meeting of Shareholders (EGM). The DSM Shareholders approved the proposed merger between DSM and Firmenich International (Firmenich) and voted in favour of all related resolutions as set out in the notice of the EGM.

Geraldine Matchett and Dimitri de Vreeze, Co-CEOs of DSM, commented: “This is a momentous day in the long history of DSM. We are grateful for our shareholders’ strong support for this merger as we seek to build the leading creation and innovation partner in nutrition, beauty and well-being. There are powerful synergies from bringing together DSM and Firmenich that can deliver superior growth. DSM-Firmenich will be uniquely positioned to best anticipate and address the changing needs of consumers, unlocking new opportunities that benefit our customers, our people, and the wider world.”

In accordance with the Offering Circular, the Acceptance Threshold for the Exchange Offer is now automatically adjusted from 95% to 80% of DSM's aggregate issued and outstanding ordinary share capital. DSM and Firmenich continue to work to satisfy all the conditions of the Exchange Offer as set out in the Offering Circular.

As confirmed in the announcement of 23 January 2023, the Acceptance Period, which period was set to expire on 31 January 2023, is extended

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