COPENHAGEN (Reuters) - Danish pension fund group ATP, which is Danisco’s biggest registered shareholder, said on Wednesday it was still considering U.S. chemicals group DuPont’s 665-crowns-per-share bid for Danisco.
ATP has a 5.1 percent stake in Danisco.
DuPont and Danisco announced on January 9 that DuPont had agreed to acquire the Danish food ingredients and enzymes company for $5.8 billion in cash and assume debt of $500 million. The deal is supported by Danisco’s board.
“We are still in the process of analyzing the offer from DuPont,” ATP chief executive Lars Rohde told a news conference on ATP’s 2010 results.
“When we have finished that process, we will say what we think about it, but not before,” he said.
Reporting by Erik Matzen