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.