BASF to Acquire Pronova BioPharma

Chemical giant BASF is to acquire Pronova BioPharma ASA, a researcher and devceloper of omega-3 fatty acids. BASF has reached an agreement with Pronova to make a recommended voluntary public takeover offer to Pronova's shareholders, and will offer to pay NOK 12.50 ($2.2) in cash for each Pronova share.

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