DuPont Again Extends $6.3B Offer For Danisco

Law360, New York (March 30, 2011, 12:49 PM EDT) -- DuPont Co. said Wednesday it was extending for a second time the tender offer period in its $6.3 billion bid to acquire Danisco AS, giving shareholders of the Denmark-based food ingredient company until April 29 to take the deal.

As of March 29, Danisco investors had offered up 6 percent of the company's shares to the science giant, a figure DuPont said was consistent with similar deals. The extension provides additional time to secure approvals from competition authorities in the European Union and China, DuPont said....
To view the full article, register now.