Wilmington, DE, June 2—E.I. DuPont de Nemours & Co. has increased its offer for the rest of DuPont Canada Inc. to C$21.75 a share from C$ 21.00.
In a press release, DuPont Co. said the higher offer will be extended to June 16. DuPont Co. said this higher offer is "final, and that the offer period wouldn't be further extended."
The company noted that its previous offer for DuPont Canada was approved by the independent directors advising the DuPont Canada board.
It said about 23% of the minority-held shares of DuPont Canada had been tendered so far.
As reported, DuPont Co. owned 76% of DuPont Canada when the offer was announced.
DuPont Co. is a research and technology company.
DuPont Canada, Mississauga, Ont., is a diversified industrial company.
