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Dupont acquires Danisco

Dupont announced today that it would be purchasing Danisco for a total of $6.3bn.

The statement reads.

DuPont recently announced it had entered into a definitive agreement for the acquisition of Danisco, a global enzyme and specialty food ingredients company, for $5.8 billion in cash and assumption of $500 million of Danisco net debt.  Upon closing, this transaction would establish DuPont as a clear leader in industrial biotechnology with science-intensive innovations that address global challenges in food production and reduced fossil fuel consumption.

The acquisition is expected to be financed with about $3 billion in existing cash and the remainder in debt.  The transaction is expected
to close early in the second quarter.