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DuPont's (DD) offer for Danisco (DNSCY.PK) is $320M too low, hedge fund and shareholder Elliott...
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Friday, February 11, 2011, 8:11 AM ETDuPont's (DD) offer for Danisco (DNSCY.PK) is $320M too low, hedge fund and shareholder Elliott Associates says, since it fails to account for the food-ingredient maker’s market leading position. DuPont agreed last month to pay $123/share for Danisco, equal to about $5.8B and 25% higher than the Danish company’s Jan. 7 closing price. DD -0.8% premarket.
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