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BASF SE Gets 71% Stake In Verenium Corp After Takeover Offer - Reuters


Thursday, 31 Oct 2013 11:43am EDT 

Reuters reported that BASF SE on October 31, 2013 said 71% of shareholders in Verenium Corp 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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