DuPont Adds To Food Business By Swallowing Danisco

Wilmington, Delaware-based chemical company DuPont said it will pay $5.8 billion to acquire Danisco, a Danish food ingredient and enzyme company, reflecting the possible value of food and chemical companies in 2011. The deal will also include DuPont's assumption of $500 million in debt.

The deal sent Danisco shares up nearly 25% Monday on the Cophenhagen exchange to 660.50 crowns ($114.66), almost to the 665 crowns ($115.00) per share offered by DuPont ( DD - news - people ). The share price is 90% higher than it was a year ago.

Yahoo! BuzzEuropean food ingredient companies saw their stocks gain after Danisco's approval of the DuPont merger, including fellow Danish firm

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- Posted: 2011-01-10 11:17:37

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