EC approves DuPont offer for Danisco

The European Commission today approved DuPont’s €4.5bn offer for Danish probiotics, enzymes and ingredients giant Danisco.

However, the deal remains in doubt as to date only 6 per cent of Danisco shareholders has accepted the offer.

DuPont requires another 84 per cent of Danisco stockholders to sell at the offer price of 665 Danish crowns (€89.17 at today’s rates) to complete the acquisition, but many are expressing discontent at the offer price that has twice forced DuPont to extend the offer initially made on January 10 this year.