Novozymes Biologicals Holding A/S Files Formal Bid for Philom Bios Inc.
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Novozymes Biologicals Holding A/S announced that it has filed its formal offer to acquire all the common shares of Philom Bios Inc. with securities regulators in Canada, and has mailed its offering circular and related documents to Philom Bios Inc. shareholders.
The offer will remain open until 12:01 a.m. (Calgary time) on December 10, 2007, unless the offer is withdrawn or extended by Novozymes Biologicals Holding A/S. Under the terms of the offer, Philom Bios Inc. shareholders will be offered $6.50 for each Philom Bios Inc. common share