April 7, 2011
European Commission gives approval for DuPont acquisition of Danisco
European regulators have given approval for DuPont's US$5.8 billion offer to buy over Danish food additives maker Danisco AS.
DuPont, originally known as E.I. DuPont de Nemours & Co., said on Tuesday (Apr 5) that the European Commission's authorisation of the deal leaves only Chinese approval as the final regulatory hurdle.
DuPont also said it has confidence that Danisco shareholders will go along with their board's recommendation to take up DuPont's cash offer and that the deal will be finalised later this month.
DuPont declared last week that it was prolonging its offer for the second time to give Danisco shareholders until April 29 to tender their share.
DuPont's acquisition of Danisco would reinforce its position in food additives and also raises its exposure to markets for alternative fuels such as ethanol, in which Danisco products also are utilised.