U.S. chemicals group DuPont (DD.N) said on Thursday it had begun a squeeze-out of minority shareholders in Danish company Danisco (DCO.CO) after owners of more than 90 percent of the stock accepted its takeover offer. DuPont announced on May 16 that it would carry out the $6.4 billion deal, initially announced in January, after shareholders with 92.2 percent of Danisco's shares accepted its 700 Danish crowns per share offer by the deadline. DuPont said in a statement that it would carry out a compulsory redemption of the remaining shares in Danisco from May 19 to June 16 and the delisting of Danisco from the Copenhagen bourse would become effective on June 17. (Editing by Jon Loades-Carter)
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 $53.29. In the past year, the shares have traded as low as $33.73 and as high as $57.00. On average, 5710120 shares of DD exchange hands on a given day and today's volume is recorded at 0.
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