October 31, 2013 / 3:45 PM / 4 years ago

BASF gets 71 pct stake in Verenium after takeover offer

FRANKFURT, Oct 31 (Reuters) - BASF on Thursday said 71 percent of shareholders in enzyme manufacturer Verenium had accepted its $4 per share cash takeover offer.

Based on all outstanding shares and including all net financial liabilities, the enterprise value of Verenium would be approximately $62 million, BASF said.

BASF will start with the integration of Verenium in the first quarter of 2014.

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