Navigate this market better. Subscribe for FREE stock alerts and information.

Sunday, January 9, 2011

REFILE-DuPont close to buy Danisco for over $5 bln-WSJ

Chemicals maker DuPont is close to a deal to buy Danish food ingredients and enzymes company Danisco for more than $5 billion, the Wall Street Journal reported on Sunday. A deal could be announced as early as Monday, the paper said. Buying Danisco, which has a market valuation of about $4.4 billion, would accelerate Wilmington, Delaware-based DuPont's growth into the fast-growing food sector.

Source