The third largest chemical manufacturer of the US called DuPont Co. stated that it is ready to acquire Danisco A/S of Denmark for a sum of $5.8 billion for adding production of enzymes used in food and biofuels.

DuPont will pay six hundred sixty five kroner per share which is equivalent to one hundred and fifteen dollars per share, as stated by the Wilmington, Delaware-based company today in a statement. That's twenty five percent more than Danisco's five hundred and thirty kroner Jan. 7 closing share price. DuPont will also take responsibility of five hundred million dollars worth of Danisco's debt.

Ellen Kullman, the Chief Executive Officer, is extending into production of food and alternative fuels with DuPont's biggest purchase since she became CEO , a couple of years back.

With the acquisition of the Danisco Dupont will be helped to solve global challenges brought by dramatic population growth in the decades to come, particularly in the areas of food and energy, as stated by the CEO, Kullman.

The acquisition should be squared up by early second quarter and add to earnings starting in the year of 2012, DuPont said.

According to DuPont, the acquisition will lower its 2011 earnings in the tune of thirty to forty five cents per share. The company had forecast full-year earnings of three dollars and thirty cents to three dollars and sixty cents per share. The total value of the deal will be in the tune of six billion and thirty million dollars.

Danisco is mainly in the production of enzymes and food ingredients. Dupont and Danisco are said to be long time partners.

Dupont is supposed to pay three billion dollars in cash, under the deal and the rest of the amount will be paid in debt.