DuPont Makes Offer for Danisco

COPENHAGEN, DenmarkDanisco A/S announced it received a binding offer from DuPont. In a company announcement, Danisco stated DuPont will offer DKK 665 for each share of Danisco in cash, equivalent to a total transaction value of DKK 36.1 billion.

Jorgen Tandrup, Daniscos Chairman of the Board of Directors, said: We believe this offer represents attractive value for Danisco shareholders at a time when the share price is at an all-time high, and that it is in the best interest of the business and our employees. There will be substantial opportunities as part of a larger group and DuPont will bring significant advantages to Daniscos strategy and further development. DuPont and Danisco make a powerful combination and will benefit from each others complementary strengths and skills."