DSM Announces Receipt of Final Competition Clearance for Acquisition of Martek
Royal DSM N.V. (NYSE Euronext: DSM KON), the global Life Sciences and Materials Sciences company headquartered in the Netherlands, announces today that it has received the unconditional clearance of the Counsel of the National Competition Commission in Spain for its previously announced tender offer for all outstanding shares of common stock of Martek Biosciences Corporation (NASDAQ: MATK) at a price of $31.50 per share (the "Offer"). This was the final clearance needed under applicable antitrust and competition laws and this condition of the Offer is thus completely satisfied.
The Offer remains subject to the satisfaction of certain other conditions. The Offer is scheduled to expire at 5:00 p.m. (New York City time) on Friday, 18 February 2011, unless the Offer is extended.
Martek is a leader in the innovation, development, production and sale of high- value products from microbial sources that promote health and wellness through nutrition. Martek's technology platform consists of its core expertise, broad experience and proprietary technology in areas such as microbial biology, algal genomics, fermentation and downstream processing. This technology platform has resulted in Martek's development of a number of products, including the company's flagship product, life'sDHA, a sustainable and vegetarian source of algal DHA (docosahexaenoic acid) important for brain, heart and eye health throughout life for use in infant formula, pregnancy and nursing products, foods and beverages, dietary supplements and animal feeds. Martek also produces life'sARA (arachidonic acid), an omega-6 fatty acid, for use in infant formula and follow-on formulas. Martek's subsidiary, Amerifit Brands, develops, markets and distributes branded consumer health and wellness products and holds leading brand positions in all of its key product categories. Amerifit products are sold in most major mass, club, drug, grocery and specialty stores and include: Culturelle@, a leading probiotic supplement; AZO, the leading OTC brand addressing symptom relief and detection of urinary tract infections; and Estroven@, the leading all-natural nutritional supplement brand addressing the symptoms of menopause.
For more information on Martek Biosciences, visit www.Martek.com (http://www.Martek.com) . For a complete list of life'sDHA and life'sARA products, visit www.lifesdha.com (http://www.lifesdha.com) . For more information about Amerifit Brands, visit http://www.amerifit.com (http://www.amerifit.com) .
DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic performance, environmental quality and social responsibility, which it pursues simultaneously and in parallel. DSM has annual net sales of about EUR8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com (http://www.dsm.com) .
Press release-pdf: http://hugin.info/130663/R/1490231/425816.pdf (http://hugin.info/130663/R/1490231/425816.pdf)
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Source: DSM N.V. via Thomson Reuters ONE