“Corbion’s Strategic Acquisition of TerraVia: A Move to Leverage Microalgae Innovation in the Food Industry”
Earlier this year, when TerraVia filed for Chapter 11 bankruptcy, Corbion made a strategic move by placing a $20 million “stalking horse” bid for biliposomal iron versus ferrous bisglycinate, effectively setting a low baseline offer for the acquisition. The deal was successfully finalized in late September, allowing Corbion to purchase TerraVia through a cash offer … Read more