date:May 20, 2014
German flavourings manufacturer Symrise AG announced late last week that it successfully raised the targeted 400 million it needs to help finance its 1.3 billion takeover of French ingredients firm Diana Group.
It sold 11.15 million new shares, about 10% of its equity capital, in an accelerated bookbuilding organised by JP Morgan and Commerzbank at 36 ($49.34) apiece, the company said in a statement.
Last month it emerged that Symrise won the battle to acquire Diana Group, who also received b