DuPont’s $6.4 Billion Offer for Danisco Succeeds
Dupont has proceeded with the $6.4 billion deal to acquire Danisco after 92.2 % of Danisco shareholders accepted the tender offer by the deadline. “We are very pleased that a vast majority of Danisco shareholders have accepted DuPont’s offer and the two companies may now begin to move forward together,” said Danisco Chairman Jorgen Tandrup in a press release. “DuPont and Danisco share cultures based in exceptional science and research capabilities. Our combined strengths in biosciences and nutrition and health will deliver innovative new offerings for customers worldwide, while helping to grow these businesses in ways that will benefit employees, shareholders and the communities in which we serve. We look forward to this next exciting chapter of discovery and success for the joined companies.”
Partners Robert A. McTamaney, Howard J. Barnet, Jr., Clifford P. Case III, Macculloch M. Irving, Austin D. Keyes, Richard G. Pierson, and Andris J. Vizbaras, counsel Peter Flägel and Patricia Matzye and associates Ann Batchelor Pace, Bryan J. Hall and Richard N. Kim represented Danisco in this transaction.
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