Wilmington, DE, June 17—DuPont today announced that DCI Acquisition Inc., a subsidiary of DuPont, has successfully completed the tender offer for all the class A common shares, Series 1 of DuPont Canada, not owned by DuPont or its affiliates. At the close of the offer period, more than 47 million shares, or 70.7 percent of the more than 66 million minority shares outstanding, had been tendered to the offer.
DCI Acquisition Inc. has taken up the shares and will pay for them within the time period permitted by applicable laws.
"We are pleased that the revised offer has been accepted and we can move forward to complete this transaction," said Charles O. Holliday, Jr., DuPont chairman and chief executive officer.
With the acquisition of the additional shares under the tender offer, DCI Acquisition Inc. and its affiliates will own approximately 260 million shares, representing 93 percent of the issued and outstanding shares. DuPont Canada, intends to call a special meeting of shareholders of DuPont Canada to consider an amalgamation or other transaction for the purpose of enabling DCI Acquisition Inc. and its affiliates, to acquire all of the remaining shares of DuPont Canada. This meeting is expected to occur by the end of July.
DuPont Canada Inc. is a diversified science company that serves customers across Canada and in more than 40 other countries.
