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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Danisco Board Recommends DuPont’s Sweetened Offer

7:30 AM MDT | May 6, 2011 | —NATASHA ALPEROWICZ

Analysts say that DuPont is likely to succeed with its DK33.4 billion ($6.64-billion) bid to acquire food ingredients and enzymes company Danisco (Copenhagen), after the Danisco board reiterated its advice to shareholders to accept DuPont’s higher, DK700/share offer. “The board confirms that it believes the increased offer price represents compelling value...and reiterates its unanimous recommendation to shareholders to accept the offer before May 13, 2011, when the offer period expires,” Danisco says. {indesign_image...

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