In early August, a surprise announcement from Kerry Group’s rival, DuPont, sent Kerry’s share price surging to an all-time high. DuPont announced it was putting its ingredients business up for sale. The price: at least $20 billion. There could only be a small number of possible buyers: Royal DSM, International Flavours & Fragrances, Givaudan, and Kerry Group. That was the starting shot. A month later it was reported Kerry’s rival, DSM, was in the running, with an offer valuing the DuPont business at $25 billion. And on Friday, a Bloomberg report that Kerry was the leading bidder sent Kerry’s shares…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.