IHS Chemical Week

Regions :: Western Europe :: Denmark

DuPont Succeeds with Increased Bid for Danisco

7:08 AM MDT | May 16, 2011 | Ian Young

DuPont says it has completed its tender offer for Danisco, at DK700/share in cash. The tender offer expired on May 13. The deal values Danisco at DK33.4 billion ($6.4 billion). 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. DuPont estimates that , as of the expiration of the increased offer, shareholders representing 92.2% of Danisco's outstanding stock had tendered their shares to DuPont Denmark Holding, a DuPont subsidiary. DuPont plans to delist...

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