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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

BASF to acquire Pronova BioPharma for $850 million

7:10 AM MST | November 30, 2012 | —Deepti Ramesh

Heinz: Stronger position in omega-3 fatty acids. BASF says it will acquire Pronova BioPharma (Lysaker, Norway), a pioneer in the fields of researching, developing, and manufacturing omega-3 fatty acids. BASF has reached an agreement with Pronova to make a recommended voluntary public takeover offer to Pronova’s shareholders and will offer to pay 12.50 Norwegian kroner in cash for each Pronova share. This amount corresponds to a premium of 24% above the average price of Pronova’s shares in the 6 months prior to announcement of the public takeover...

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