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People & Business :: Companies

DuPont Succeeds with Increased Bid for Danisco

11:24 AM MDT | May 31, 2011 | —IAN YOUNG AND REBECCA COONS

DuPont has clinched the acquisition of a controlling stake in Danisco, at DK700/share in cash. The deal values Danisco at DK33.4 billion ($6.4 billion). DuPont says the deal positions the company as a clear leader in industrial biotechnology and strengthens its ability to develop next-generation products for key markets such as food production, energy, and advanced materials. DuPont had raised its offer from DK665/share at the end of April, having failed to secure enough support from Danisco shareholders for the bid at that price. Kullman: Launching integration...

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