DuPont Cleared to Acquire Danisco Shares
April 19, 2011
COPENHAGEN, Denmark—DuPont announced China’s Ministry of Commerce granted regulatory approval to complete DuPont Denmark Holding’s tender offer to acquire all of the outstanding shares of Danisco at a price of DKK 665 in cash per share. Now that all regulatory conditions have been met, the fully financed tender offer can be completed on April 29, 2011.
“Danisco shareholders can now follow their board of directors’ unanimous recommendation to accept our premium cash offer," said DuPont Chair and CEO Ellen Kullman. “It is important to remember that after a highly competitive auction process, Danisco's board concluded this acquisition compares favorably in value to its stand-alone plans for the company. Our offer is full, fair and firm and it provides shareholders risk-free, certain and immediate value at an attractive price. We encourage shareholders to act now and tender their shares before the fast approaching deadline."