International Flavors & Fragrances Inc. has entered into a definitive agreement under which it will acquire Frutarom in a cash and stock transaction valued at approximately $7.1 billion, including the assumption of Frutarom’s net debt.   By combining with Frutarom, IFF said it is accelerating its Vision 2020 strategy to create a global leader in taste, scent and nutrition.  The combined company’s customers will have access to comprehensive and differentiated integrated solutions with incr...