BASF Boosts Offer For Pronova | Chemical & Engineering News
 
 
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Volume 91 Issue 3 | p. 14 | Concentrates
Issue Date: January 21, 2013

BASF Boosts Offer For Pronova

Department: Business
Keywords: acquisitions, fatty acids, omega-3

Unable to lock up the 90% of shares it needs to complete the acquisition of nutritional supplements maker Pronova BioPharma from minority shareholders, BASF has increased its per-share offer for the Norwegian firm by 8%. The deal, originally announced in November, would give BASF a maker of concentrated omega-3 fatty acids from fish. BASF now values the deal at $909 million, including liabilities, up from $883 million.

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