Frutarom Ltd. acquired an additional 9.2% stake in Enzymotec Ltd. (NasdaqGS:ENZY) from Paulson & Co. Inc. for $24.2 million on August 23, 2017. As reported, Frutarom acquired 2.1 million shares in Enzymotec Ltd. at a price of $11.5 per share. Following the transaction, Frutarom Ltd. will hold approximately 19.13% stake in Enzymotec. Frutarom Ltd. has financed the investment from its working capital and existing credit facilities. Frutarom Ltd. intends to commence a full and special tender offer for the acquisition of all of the remaining issued and outstanding shares of Enzymotec at an offered price of $11.5 per share. In connection with the tender offer, on August 23, 2017, Frutarom Ltd. entered into a support agreement with Paulson, under which Paulson undertook, subject to conditions specified in the agreement, to support the tender offer and to tender to Frutarom Ltd. the entire balance of the Enzymotec shares it holds, which constitutes approximately 9.2% of Enzymotec's outstanding shares. Frutarom Ltd. completed the acquisition of an additional 9.2% stake in Enzymotec Ltd. (NasdaqGS:ENZY) from Paulson & Co. Inc. on August 23, 2017.