China approves DuPont acquisition of Danisco

Posted: April 15, 2011

WILMINGTON - DuPont Co. has received the final regulatory approval needed for its planned $5.8 billion acquisition of Danish food additives maker Danisco AS.

DuPont said Friday that Chinese regulators have approved the deal, and that it is encouraging Danisco shareholders who have not yet tendered their shares to do so.

DuPont has said it is confident that Danisco shareholders will follow their board's recommendation to accept DuPont's cash offer, and that the deal will be completed later this month.

The offer period for Danisco shareholders to tender their shares is scheduled to end April 29, after being extended twice.

DuPont's acquisition of Danisco would strengthen its position in food additives and increase its exposure to markets for alternative fuels such as ethanol, in which Danisco products also are used.

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