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BASF SE Kommunikation BASF-Gruppe Carl-Bosch-Straße 38 67056 Ludwigshafen, Germany http://www.basf.com
Contact Mr Thomas Nonnast +49 30 206295034
Company logo of BASF SE Kommunikation BASF-Gruppe
BASF SE Kommunikation BASF-Gruppe

BASF announces cash offer to acquire specialized enzyme biotechnology company Verenium

(PresseBox) (Ludwigshafen, Germany, )
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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 6733.

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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.