DuPont to acquire Danisco for $6.3bn

DuPont has entered into a definitive agreement for the acquisition of Danisco for $5.8bn in cash and assumption of $500m of Danisco net debt. “Danisco is a premier company, a long-time successful partner of DuPont and a proven innovator committed to sustainable growth,” said DuPont chair and CEO, Ellen Kullman. “Danisco has attractive, market-driven science businesses that offer clear synergies with DuPont Nutrition & Health and Applied BioSciences.” The acquisition is expected to be financed with about $3bn in existing cash and the remainder in debt. The transaction is expected to close early in the second quarter.

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