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BASF closes deal

4:10 PM MST | February 11, 2013

BASF says it has completed the previously announced acquisition of Pronova BioPharma (Lysaker, Norway), a pioneer in the fields of researching, developing, and manufacturing omega-3 fatty acids. BASF held 98.19% of Pronova on 31 January and launched a compulsory acquisition process, or squeeze-out, to acquire the remaining Pronova shares at the voluntary offer price of 13.50 Norwegian kroner/share ($2.48). BASF says it will fully integrate Pronova into its nutrition and health division, and Pronova will become a key part of BASF’s omega-3...

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