DuPont Wins Control Of Danisco With Upped $6.5B Bid

Law360, New York (May 16, 2011, 12:06 PM EDT) -- DuPont Co. won control of Danisco A/S on Monday, paying $6.5 billion for the Denmark-based food ingredient company after sweetening their offer from 665 kroner ($126.77) per share to 700 kroner.

Danisco shareholders tendered 92.2 percent of the outstanding shares of Danisco to DuPont Denmark Holding ApS, the Wilmington, Del.-based buyer said Monday.

The buyout saga began back on Jan. 9 when DuPont said it would pay $5.8 billion in cash to Danisco shareholders and assume $500 million in debt, in order to buy the Danish...
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