By  on June 12, 2009

PARIS — Because of the uncertain economic environment, Givaudan will increase its capital by about 420 million Swiss francs, or $391.7 million at current exchange, to deleverage its balance sheet and increase operational flexibility.

The Swiss flavors and fragrance firm will issue 999,624 shares at a unit price of 420 Swiss francs, or $391.70, this month.

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