Business News

DuPont Announces U.S. Antitrust Clearance in Connection with Danisco Tender Offer

Monday 31. January 2011 - DuPont (NYSE: DD) announced today that the waiting period under the Hart-Scott Rodino (HSR) Antitrust Improvements Act of 1976 has expired in connection with the DuPont Denmark Holding ApS tender offer to acquire all of the outstanding shares of Danisco at a price of DKK 665 in cash per share. DuPont Denmark Holding ApS is a wholly owned and fully controlled subsidiary of DuPont.

The expiration of the HSR waiting period satisfies one of the conditions of the tender offer. The company is in the process of seeking similar approvals and clearances from other competition authorities, including the European Union and China. DuPont expects to complete the acquisition in the early second quarter of 2011. The tender offer is conditioned upon, among other things, shareholders holding more than 90 percent of Danisco’s shares accepting the offer. The offer period ends on Feb. 22, 2011, at 11 p.m. CET (Feb. 22, 2011, at 5 p.m. EST), unless extended as described in the offer document.
All terms and conditions of the offer are described in the offer document dated Jan. 21, 2011. The offer document is available free of charge on the Danisco website at www.danisco.com with a copy of the Statement of the board of directors of Danisco A/S Concerning the Voluntary Recommended Public Offer.