Jefferies Maintains its Buy Rating on Dupont

Jefferies and Company maintained its Buy rating on shares of Dupont (DD).

Jefferies states, DuPont has raised its offer for Danish industrial biotech and enzyme company Danisco 5% to DKK700 ($6.64bn at current exchange rates), or roughly 10.9x FY11E EBITDA and 10.2x FY12E. We estimate the new offer at roughly $0.20 accretive in 2012 (9.1% ROIC). The offer has been extended to May 13, and is likely DuPont's final offer.

Shares of Dupont closed at $56.79 on Friday.