BASF says sweetened Pronova bid is final

FRANKFURT Tue Jan 15, 2013 7:13pm IST

Flags of the German chemical company BASF are pictured in Monheim April 20, 2012. REUTERS/Ina Fassbender

Flags of the German chemical company BASF are pictured in Monheim April 20, 2012.

Credit: Reuters/Ina Fassbender

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FRANKFURT (Reuters) - BASF (BASFn.DE) said its 8 percent higher bid of 13.50 Norwegian crowns ($2.45) per share for Pronova PRON.OL was the last offer it would make for the omega-3 fatty acids specialist.

"This increased offer is our last, best and final offer," Michael Heinz, member of BASF' executive board, said in a statement on Tuesday.

As before the increase, the offer period will expire at 1530 GMT on Friday, January 18, BASF added. ($1 = 5.5103 Norwegian krones)

(Reporting by Ludwig Burger)

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