BASF commences tender offer to Verenium’s shareholders
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BASF announced that its U.S. affiliate, BASF Corporation, is commencing a tender offer for the acquisition of Verenium Corporation, San Diego, California, at a cash offer price of US$4.00 for each Verenium share. 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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