DuPont wins biofuel, preservatives maker Danisco for $6.3 billion
DuPont wins investor support for European food-additive deal
DuPont wins biofuel, preservatives maker Danisco for $6.3 billion
Joseph N. DiStefano
DuPont Co. says it's won control of Denmark-based food-additives giant Danisco for around $6.3 billion, or $133 a share, after most of Danisco's owners agreed to a sweetened version of DuPont's original $5.8 billion offer.
The Dansico deal boosts DuPont's production of food preservatives and biofuels, including enzyme-based ethanol, which Dansico and DuPont already produce in partnership. It extends DuPont's long move away from basic industrial chemicals toward food, energy and medical products. DuPont statement here.
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Joseph N. DiStefano blogs about the latest news in the Philadelphia business community and elsewhere. Contact him at 215-854-5194.
Reach Joseph N. at JoeD@phillynews.com.
Joseph N. DiStefano
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