{"id":36302,"date":"2016-07-28T07:20:53","date_gmt":"2016-07-28T05:20:53","guid":{"rendered":"https:\/\/rss.nova-institut.net\/public.php?url=http%3A%2F%2Fgreenchemicalsblog.com%2F2016%2F07%2F25%2Fmetabolix-rejects-cellulac-merger-proposal%2F"},"modified":"2016-08-05T12:23:59","modified_gmt":"2016-08-05T10:23:59","slug":"metabolix-rejects-cellulac-merger-proposal","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/metabolix-rejects-cellulac-merger-proposal\/","title":{"rendered":"Metabolix rejects Cellulac merger proposal"},"content":{"rendered":"<p>Last week, Metabolix announced that it is closing its biopolymers (PHA-based) business with a layoff of around 45 positions (50% of current workforce). Metabolix said it will focus instead on its new core business, Yield10 Bioscience.<\/p>\n<p>You can read all about it in this link:\u00a0 <a href=\"http:\/\/ir.metabolix.com\/releasedetail.cfm?ReleaseID=980670\" target=\"_blank\">Metabolix Announces New Strategic Direction: Yield10 Bioscience to Become Core Business, Biopolymers Operations to be Wound Down.<\/a><\/p>\n<p>Cellulac\u2019s CEO posted today on its website that its proposal was worth $40 million in assets and $38 million in offtake agreements. The proposed merger was a 50\/50% share for share basis with Metabolix.<\/p>\n<p>You can read all of the Cellulac proposal on this link:\u00a0<a href=\"http:\/\/cellulac.com\/sf\/cellulac-formally-requests-metabolix-shareholders-to-consider-merger-proposal\/\" target=\"_blank\">Cellulac formally requests Metabolix shareholders to consider merger proposal\u00a0<\/a><\/p>\n<p>I am writing a more comprehensive analysis of these activities in Tecnon OrbiChem\u2019s July Biomaterials newsletter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week, Metabolix announced that it is closing its biopolymers (PHA-based) business with a layoff of around 45 positions (50% of current workforce). Metabolix said it will focus instead on its new core business, Yield10 Bioscience. You can read all about it in this link:\u00a0 Metabolix Announces New Strategic Direction: Yield10 Bioscience to Become Core [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5935,6026,7676,5885],"supplier":[6488,194],"class_list":["post-36302","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-bioplastic","tag-biopolymers","tag-pha","tag-pla","supplier-cellulac","supplier-metabolix"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/36302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=36302"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/36302\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=36302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=36302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=36302"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=36302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}