Denmark's Danisco (DCO.CO) urged shareholders to accept a higher takeover bid from U.S. chemicals group DuPont (DD.N) on Monday as fund managers welcomed the "decent offer" and said it would likely succeed. DuPont raised its offer for the Danish food ingredients and enzymes producer by 5 percent to 700 Danish crowns ($139) per share from 665, making its cash offer worth $6.64 billion. The sweetened bid was announced late on Friday in an attempt to persuade reluctant Danisco shareholders to accept a deal first announced in January and endorsed then too by the Danisco board. Danisco's board told shareholders on Monday to accept the raised offer, noting it would be the final bid.
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 remained unchanged at $56.79. In the past year, the shares have traded as low as $33.66 and as high as $56.88. On average, 5988210 shares of DD exchange hands on a given day and today's volume is recorded at 0.
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