Analysis: Icahn has 4% stake in International Flavors Fragrances

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Analysis: Icahn has 4% stake in International Flavors Fragrances

CNBC reported on its website, citing unidentified people familiar with the matter, that Carl Icahn has a 4% stake in International Flavors Fragrances Inc.

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International Flavors shares rose 3% to $143.61 at 1: 04 p.m. in New York trading. The stock has gone up about 20% in the last 12 months.

A representative for Icahn didn't return a request for comment. Michael DeVeau, a spokesman for IFF, said he could not comment on the news of Icahn's investment.

We welcome constructive input on ways to create value and IFF maintains an open dialogue with all shareholders. He said that we look forward to communicating with shareholders about our business and prospects.

IFF has named former Merck Co. executive Frank Clyburn to replace former CEO Andreas Fibig on Thursday. The developer of flavors and scents for food and household products is separating the chairman and CEO roles. Dale Morrison was named non-executive chairman.

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