DuPont is set to acquire Danish food ingredients company, Danisco. The Wilmington-based chemical company will pay a total of $6.3 billion for the acquisition. DuPont will pay $5.8 billion in cash and take over $500 million of Danisco’s net debt. The deal, set to close early in the second quarter, is expected to be funded with about $3 billion in existing cash and the rest in debt.
Click here for the release from PR Newswire.