Ashurst is advising Danisco, a global enzyme and food ingredient company, on the competition aspects of a recommended offer for the company by US company, DuPont.

The acquisition is to be effected by way of a public tender offer by a subsidiary of DuPont for all Danisco’s outstanding shares at a price of DKK665 in cash per share. The terms of the offer value Danisco’s share capital at approximately DKK36.1billion (£4billion).

The Ashurst team was led by competition partners Neil Cuninghame and Nigel Parr, assisted by economist James Lambert and senior associate Alexander Roberts.

Kromann Reumert is also advising Danisco.  The Kromann Reumert team was led by corporate partner Christian Lundgren and competition partner, Jens Munk Plum.