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BASF SE Message Board

  • blackoutbuzz blackoutbuzz Sep 20, 2013 9:16 AM Flag

    BASF buys biotech firm

    @@@@Ludwigshafen, Germany - September 20, 2013 - BASF [Frankfurt: BAS, LSE: BFA, SWX: AN]today announced that its U.S. affiliate, BASF Corporation, has entered into an agreement to commence a cash tender offer for all of the outstanding shares of common stock of thebiotechnology company Verenium Corporation Nasdaq:VRNM Enzymes are proteins that act as catalysts, enabling or accelerating biological and chemical processes. They are used in the development of sustainable solutions in a variety of applications, e.g. detergents, human and animal nutrition. Combining Verenium's scientific and technological excellence with BASF's enzyme activities and its global access into all relevant markets will strengthen BASF's footprint in the strategic enzyme growth market.

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