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BASF extends bid

5:21 PM MST | December 20, 2012

BASF says it is extending, until 18 January 2013, the offer period for the company’s acquisition of all of the issued and outstanding shares of Pronova BioPharma (Lysaker, Norway)—a researcher, developer, and manufacturer of omega-3 fatty acids—for 12.50 Norwegian kroner/share, or NK4.84 billion ($853 million), in cash. The offer document was published on 5 December 2012. The offer is conditional on BASF receiving acceptances for more than 90% of the total share capital of Pronova. BASF said at CW press time that it had received acceptances from Pronova...

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