EU OKs Dupont Danisco merger

In Denmark, Dupont’s offer to acquire Danisco is progressing as the European Commission has approved, under the European Union Merger Regulation, the tender offer by DuPont Denmark Holding to acquire all of the outstanding shares of Danisco at a price of DKK 665 in cash per share.

DuPont Denmark Holding is a wholly owned and fully controlled subsidiary of DuPont.  Dupont reported that only Chinese approval of the merger.  At this point, Dupont reports they expect the transaction to be completed later this month.  This merger increases the company’s market position for both food additives and biofuels.

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