Danisco Urges Shareholders to Accept $6.64B DuPont Bid

Copenhagen-based food firm Danisco is urging its shareholders to accept a newly raised $6.64 billion takeover big from DuPont, Reuters reported. The cash offer was raised by 5% late Friday. Danisco's biggest shareholder, Danish pension insurance group ATP -- which owns 5.1% of the stock -- said it would accept DuPont's new offer, Reuters reported. Other shareholders include SEB Asset Management, which owns about 2% of Danisco's stock.

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