Shares in European food ingredient groups rose sharply on Monday as U.S. giant DuPont (DD.N) agreed a $5.8 billion takeover of Danisco (DCO.CO) after coming up with the best bid for the Danish food company. With few potential suitors seen having the financial muscle to outbid the U.S chemical group, attention switched to Danisco's rivals whose shares jumped to reflect the generous bid level and further possible takeover activity, analysts said. Shares in Danish ingredient rivals such as Novozymes A/S (NZYMb.CO) and Chr Hansen Holding A/S CHRN.CO rose strongly, together with Britain's Tate & Lyle Plc (TATE.L) and Koninklikek DSM NV (DSMN.AS) of the Netherlands.
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