This content is from: Innovation
Danisco Investor Rejects $5.8B DuPont Bid
AP Pension has rejected DuPont’s offer for Danish food-ingredients maker, Danisco.
AP Pension has rejected DuPont’s offer for Danish food-ingredients maker, Danisco, Bloomberg reports. The U.S. chemical company had offered around $5.8 billion for the Copenhagen-based company.
AP, which owns less than 0.5% of Danisco, found the offer to be too low. The Delaware-based company’s offer expires on February 22 and is subject to approval of investors holding more than 90% of shares.
Click here for the story from Bloomberg.