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BASF SE Kommunikation BASF-Gruppe Carl-Bosch-Straße 38 67056 Ludwigshafen, Germany http://www.basf.com
Contact Ms Jennifer Moore-Braun +49 621 6099123
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BASF SE Kommunikation BASF-Gruppe

BASF commences tender offer to Verenium's shareholders

Offer period from October 2 to October 31, 2013 / Cash offer of US$4.00 per share

(PresseBox) (Ludwigshafen, )
BASF [Frankfurt: BAS, LSE: BFA, SWX: AN] today announced that its U.S. affiliate, BASF Corporation, is commencing a tender offer for the acquisition of Verenium Corporation, San Diego, California [Nasdaq: VRNM], at a cash offer price of US$4.00 for each Verenium share. The offer period is scheduled to start today and to expire at 9:00 a.m. Eastern Standard Time (USA) on October 31, 2013, unless otherwise extended or terminated. The offer price corresponds to a premium of 56 percent above the volume-weighted average share price for Verenium's shares in the six months prior to the first announcement of the transaction.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.