DuPont Finalizes Danisco Purchase

WILMINGTON, Del.DuPont announced it has successfully completed its tender offer for all outstanding shares of common stock of Danisco for DKK 700 cash per share. 

 We are delighted that the tender has been successful and we can move on to the process of integrating Danisco into DuPont," said DuPont Chair & CEO Ellen Kullman. Daniscos attractive specialty food ingredients businesses and Genencors leading industrial enzymes complement DuPonts own Nutrition & Health and Applied BioSciences offerings. This combination will create an industry leader in industrial biosciences and nutrition and health.

These businesses will work together to drive sustainable growth and market-driven innovation by linking agriculture, nutrition and advanced materials through industrial biosciences," Ellen said. In addition, the R&D combination of DuPont, Danisco and Genencor will enable us to further respond to global megatrends and help provide for the food, energy and protection needs of a growing population."

We are very pleased that a vast majority of Danisco shareholders have accepted DuPont's offer, and the two companies may now begin to move forward together," said Danisco Chairman Jorgen Tandrup. DuPont and Danisco share cultures based in exceptional science and research capabilities. Our combined strengths in biosciences and nutrition and health will deliver innovative new offerings for customers worldwide, while helping to grow these businesses in ways that will benefit employees, shareholders and the communities in which we serve. We look forward to this next exciting chapter of discovery and success for the joined companies."