Deals
DuPont Acquires Enzyme Maker Danisco for $5.8 Billion
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DuPont Co. agreed to acquire Danisco A/S for $5.8 billion, beating approaches from rival suitors for the Danish maker of enzymes used in food and biofuels.
DuPont will pay 665 kroner ($115) a share, the Wilmington, Delaware-based company said yesterday in a statement. That’s 25 percent more than Danisco’s 530-krone Jan. 7 closing share price. DuPont will also assume $500 million of debt. The company dropped the most in a month in New York trading today.