"We are pleased that AIC, one of the two largest institutional shareholders in DuPont Canada, has expressed its support for our increased offer," said John P. Jessup, DuPont vice president and treasurer. "The success of this offer will be determined by whether we achieve our minimum 50.1 percent condition, AIC's decision to tender its shares puts us much closer to that minimum condition. Our (Cdn.) $21.75 offer is final, and the offer period, which expires Monday, June 16, will not be further extended."
On June 2, DuPont announced that it had increased the offer price to Cdn. $21.75 per share in cash and made a final extension of its offer to Monday, June 16, at 10 p.m. (Toronto time). A formal Notice of Extension and Variation of the DuPont offer was mailed to DuPont Canada's shareholders on June 3.