DuPont, one of the world’s top chemical makers, announced Sunday that it has agreed to acquire Danish enzyme and specialty food ingredients company Danisco A/S in a deal worth $6.3 billion. The deal is DuPont’s largest since its 1999 purchase of biotechnology company Pioneer Hi-Bred International for $7.7 billion, as The New York Times reported.
Wilmington, Del.-based DuPont will pay $5.8 billion in cash for Danisco, while also assuming $500 million of net debt. The deal, which is expected to close in the second quarter of 2011, values Danisco at roughly $115 per share.
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