$2 or higher gas - Can ethanol make a comeback? Message Board

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Non-Tech : $2 or higher gas - Can ethanol make a comeback?

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Jun 27 4:00 PM EDT

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From: richardred	9/20/2013 10:12:57 AM
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BASF buying biotechnology company Verenium for about $51.2 million SAN DIEGO (AP) -- Chemicals company BASF Corp. is buying biotechnology company Verenium for approximately $51.2 million. Verenium focuses on developing and selling high-performance enzymes used in food and fuel markets. BASF is a diversified company whose products range from chemicals, plastics and performance and crop protection products to oil and gas. BASF will pay $4 per share for Verenium, which is a 59 percent premium to its Thursday closing price of $2.51. Verenium Corp., based in San Diego, currently has about 12.8 million outstanding shares, according to FactSet. A tender offer related to the transaction is expected to close in the fourth quarter. Both companies' boards approved the deal. finance.yahoo.com

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