E Kullman CEO DuPont
DuPont begins the acquisition of Danisco. Ellen Kullman (pictured), DuPont Chair and CEOsaid: “Our fully valued offer and significant premium recognize Danisco's standing as a premier company that fits with DuPont's strategy.
“Our companies share a deep commitment to scientific discovery and market-driven innovation to solve some of the most difficult challenges posed by global population growth. We are pleased to formally begin our offer to Danisco's shareholders.”
The acquisition is expected to close in Q2 2011. Our coverage of the acquisition can be found here.