DuPont’s CEO on Executing a Complex Cross-Border Acquisition
by Ellen Kullman
Ellen Kullman is the chair and CEO of DuPont.
Executives at DuPont worked for six months on the $7 billion acquisition of Denmark’s Danisco. Ellen Kullman details the challenges and opportunities that arose—and offers lessons for others involved in M&A.
Two days before Thanksgiving 2010, my phone rang. Tom Knutzen, the CEO of Danisco, was on the line. His company, a Danish leader in industrial biotechnology and nutritional ingredients, was in play, and a European chemical group had offered to buy it. His question to me: Was DuPont still interested in acquiring Danisco?
A few months earlier Danisco had altered its rules governing shareholder votes to make ...
Get Build a Successful Business: The Entrepreneurship Collection (10 Items) now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.