Volume 89 Issue 19 | p. 24 | Concentrates
Issue Date: May 2, 2011

DuPont Ups Bid For Danisco

Acquisitions: New offer values Danish firm at $6.6 billion
Department: Business
Keywords: acquisitions, enzymes, food ingredients

After twice extending its $6.3 billion offer to buy Danisco, DuPont has made a "best and final offer" of $6.6 billion in an attempt to win over shareholders who snubbed the earlier deal. DuPont also lowered the number of shares required to complete the deal, which it announced in January, from 90% to 80%.

The board of Danisco, a maker of enzymes and food ingredients, says the new price "represents compelling . . .

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