The stake that Barclays Capital Securities holds in Denmark's Danisco (DCO.CO), the takeover target of U.S. group DuPont (DD.N), has fallen back below the 5 percent level, Danisco said. Barclays Capital's flagging of such a large position in Danisco's stock in the final days before DuPont's $6.4 billion bid for Danisco is due to expire on Friday stoked uncertainty about the U.S. chemicals group's chances of success. Danisco said late on Wednesday that Barclays Capital Securities (BARC.L) held 5.36 percent of its stock on May 9, but on Thursday Danisco said the holding had fallen back below the 5 percent required flagging level by May 20. A spokesman for Barclays Capital declined to comment.
E. I. du Pont de Nemours and Company (DuPont) offers a range of products and services for markets, including agriculture and food, building and construction, electronics and communications, general industrial and transportation. Shares of DD fell by 1.15% or $-0.62/share to $53.5. In the past year, the shares have traded as low as $33.73 and as high as $57.00. On average, 5784570 shares of DD exchange hands on a given day and today's volume is recorded at 1328504.
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