Intl Flavors reportedly interested in Dupont's nutrition unit
The S&P 500 continues to trend slightly lower with a loss of 0.3%. Shares of International Flavors (IFF 132.30, -9.74, -6.9%) have dropped nearly 7% after Bloomberg reported that the company is mulling a potential $25 billion bid for DuPont's (DD 64.01, +0.42, +0.7%) nutrition unit. Conversely, shares of Freeport-McMoRan (FCX 12.19, +0.54, +4.6%) are seeing increased buying interest after UBS raised its price target to $14.50 from $12. The firm maintained its Buy rating on the stock.