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DuPont takeover prompts resignation of Danisco top brass

08-Jun-2011

Danisco chief executive officer Tom Knutzen and chief financial officer Soren Bjerre-Nielsen have resigned their posts in the wake of DuPont’s €4.44bn takeover that was finalised last month.

The probiotics, enzymes and natural ingredients specialist is expected to be delisted from the Cophenhagen stock exchange this month, but DuPont has not indicated whether the Danisco name will remain.

Sources say the resignations were prompted by DuPont's intention to install its own management team at its new acquisition.

There was much resistance to the takeover from Danisco shareholders, which resulted in DuPont increasing its initial January offer from $6.3bn to $6.49bn, which was finally accepted.