Markets

Barclays Capital has 5.36pc of Danisco shares

Published Updated

Barclays held nearly 2.56 million shares as of May 9, said Danisco, subject to a friendly $6.4 billion takeover offer from US chemicals group DuPont due to expire on Friday.

Such a holding would make Barclays the second biggest shareholder after US hedge fund group Elliott which has flagged a 10.02 percent stake.

DuPont requires acceptance for its 700 Danish crowns per share offer by shareholders with at least 80 percent of Danisco's stock to carry out the transaction.

 

Copyright Reuters, 2011