BASF grows in biotechnology field and closes the gap on market leaders DuPont and Novozymes in the $3 billion industrial enzyme industry. The German world’s leading chemical company yesterday announced that it has successfully completed the previously announced tender offer to purchase all outstanding shares of common stock of Verenium Corporation, San Diego, California, for US$4.00 per share in cash. The tender offer expired at 9:00 a.m. Eastern Standard Time (USA) on October 31, 2013. As of the expiration of the tender offer, 11,337,044 Verenium shares were validly tendered and not withdrawn in the tender offer, representing approximately 71% of Verenium’s outstanding shares, according to the depositary for the tender offer.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, the enterprise value would be approximately US$62 million (approximately €48 million).
Approximately 250 delegates from EU, Tunisia, Russia, Turkey and Canada, 40 scientific presentations, 30 scientific posters and a round table on “The role of clusters in fostering the bioeconomy”. These are the numbers of IFIB, the Italian Forum on Industrial Biotechnology and Bioeconomy, which opens today to the world in Naples at Castel dell’Ovo (Egg Castle). 
IL BIOECONOMISTA 