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Friday, February 18, 2011

DuPont extends $6.1 billion Danisco bid to April 1, (NYSE: DD), (DCO)

U.S. chemicals group DuPont (DD.N) extended its 33.4 billion crown ($6.1 billion) offer for Danish food and enzymes group Danisco (DCO.CO) to April 1, hoping to gain more acceptances as regulators clear the deal. The 665 crowns per Danisco share offer announced on Jan. 9 was set to expire next Tuesday, and DuPont has said it required acceptances from shareholders with at least 90 percent of the stock to carry out the deal. [ID:nN10135762] DuPont said on Friday only 5 percent of shareholders had accepted the bid, adding most shareholders did not accept a public offer until all regulatory approvals have been obtained, and some such approvals were still pending.

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