Hoping to boost its position in the food sector, DuPont (NYSE:DD) unveiled a $5.8 billion bid over the weekend to scoop up Danish food ingredients and enzymes company Danisco.

The all-cash deal, which includes $500 million of Danisco net debt, values Danisco’s shares at 665 Danish crowns, a 25% premium to their Friday close.

"Danisco is a premier company, a long-time successful partner of DuPont and a proven innovator committed to sustainable growth," DuPont Ellen Kullman said in a statement. “This transaction is a perfect strategic fit with our growth opportunities and will help us solve global challenges presented by dramatic population growth in the decades to come, specifically related to food and energy.”

DuPont shareholders were less enthusiastic about the deal, especially after the company warned the deal will cut its 2011 EPS outlook by 30 cents to 45 cents a share from its earlier guidance of $3.30 to $3.60.

Shares of DuPont slumped 3.66% to $47.94 Monday morning, making it the worst performer on the Dow Jones Industrial Average.

Danisco, which has about 7,000 employees in 23 countries, derives 65% of its sales from specialty food ingredients, including enablers, cultures and sweeteners.

DuPont said it expects the deal will be financed with about $3 billion in existing cash and the rest in debt. The transaction is expected to close in the early part of the second quarter and boost its bottom line in 2012.