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- Cash offer of US$4.00 per share
- Proposed transaction strengthens position in strategic growth market for enzymes
BASF [Frankfurt: BAS, LSE: BFA, SWX: AN] today announced that its U.S. affiliate, BASF Corporation, has entered into an agreement to commence a cash tender offer for all of the outstanding shares of common stock of the biotechnology company Verenium Corporation [Nasdaq: VRNM] for US$4.00 per share. Based on all outstanding shares and including all net financial liabilities, the enterprise value would be approximately US$62 million (approximately €48 million).1 Verenium is based in San Diego, California, and generated sales of US$57 million in
- Cash offer of US$4.00 per share
- Proposed transaction strengthens position in strategic growth market for enzymes
BASF [Frankfurt: BAS, LSE: BFA, SWX: AN] today announced that its U.S. affiliate, BASF Corporation, has entered into an agreement to commence a cash tender offer for all of the outstanding shares of common stock of the biotechnology company Verenium Corporation [Nasdaq: VRNM] for US$4.00 per share. Based on all outstanding shares and including all net financial liabilities, the enterprise value would be approximately US$62 million (approximately €48 million).1 Verenium is based in San Diego, California, and generated sales of US$57 million in
4507.
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