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BASF completes tender offer for Verenium

1:59 PM MDT | October 31, 2013 | Rebecca Coons

BASF says it has completed the previously announced tender offer for all outstanding shares of enzyme producer Verenium (San Diego) for $4.00/share. The offer, first announced 20 September, expired today at 9:00 a.m. Eastern Standard Time. As of the expiration of the tender offer, 11,337,044 Verenium shares were validly tendered and not withdrawn in the tender offer, representing approximately 71% of Verenium’s outstanding shares, according to the depositary for the tender offer. Based on all outstanding shares and including all net financial liabilities...

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