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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