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Wednesday, January 19, 2011

Danisco boss defends DuPont bid as "fair value", (DCO), (NYSE: DD)

Danisco's (DCO.CO) chairman reaffirmed support on Wednesday for chemicals group DuPont's (DD.N) bid for the food ingredients and enzymes maker in what appeared to be his first public response to reports of a looming shareholder revolt. Chairman Jorgen Tandrup's remarks in an emailed statement came in answer to questions from Reuters about a Danish newspaper report that said some institutional investors were teaming up to seek a higher bid or block the takeover."The offer from DuPont represents a fair value for the company," Tandrup said.

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