DSM-Firmenich Stock Drops After Sale of Animal Nutrition Unit Draws Investor Criticism
DSM-Firmenich announced the sale of its Animal Nutrition & Health (ANH) division to private equity firm CVC for an enterprise value of €2.2 billion, keeping a 20% stake and unveiling a €500 million share buyback. The confirmation prompted a more than 5% fall in the company's share price as investors judged the capital return modest and raised quest…