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By Caroline Winter

May 5, 2011 at 9:00 PM UTC

This article is for subscribers only.

BusinessWeek Cover Image (11_20, portrait)

This article is part of the May 9, 2011 issue of businessweek.

1. DuPont (DD) upped its bid for the Danish food ingredients maker Danisco to $6.7 billion after an initial takeover bid failed to win sufficient investor support.

2. Israel's Teva Pharmaceutical Industries (TEVA), the world's No. 1 generic drug company, agreed to pay $6.2 billion for Cephalon (CEPH), which is developing stem cell treatments and therapies for asthma and lung cancer.