BASF won over enough Pronova shareholders with its sweetened takeover offer to secure full control of the Norwegian fish-oils maker.
The German chemicals giant said on Monday it was tendered 97.7% of Pronova shares by the Friday deadline, more than the 90% it needed.
BASF is now setting up a squeeze-out process and expects to conclude the transaction within the next weeks, it added.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Novo Nordisk announced a global workforce reduction of approximately 9,000 positions to streamline operations and reinvest DKK 8 billion (€1 billion) in growth opportunities for diabetes and obesity treatments.
Compelling solutions through strategic partnerships
Merck to acquire the chromatography business of JSR Life Sciences, a leading provider of CDMO services, preclinical and translational clinical research, and bioprocessing solutions.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
