Danisco Board Recommends Acceptance of Sweetened DuPont $6.64 Billion Offer

摘要

DuPont is on the way to succeeding in its $6.64 billion bid for Danisco, the Danish food ingredients and enzymes company, analysts said today. The Danisco board has reiterated its advice to shareholders to accept the DK700/share offer. "The board confirms that it believes that 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." DuPont announced on Friday that it had raised its offer for Danisco by 5.3% to DK700/share, valuing Danisco at DK33.4 billion.