Dupont acquires Danisco

Dupont announced today that it would be purchasing Danisco for a total of $6.3bn.

The statement reads.

DuPont recently announced it had entered into a definitive agreement for the acquisition of Danisco,
a global enzyme and specialty food ingredients company, for $5.8
billion in cash and assumption of $500 million of Danisco net debt. 
Upon closing, this transaction would establish DuPont as a clear leader
in industrial biotechnology with science-intensive innovations that
address global challenges in food production and reduced fossil fuel
consumption.

The acquisition is expected to be financed with about $3 billion in
existing cash and the remainder in debt.  The transaction is expected
to close early in the second quarter.