Switzerland-based Firmenich, which has its U.S. headquarters in Plainsboro, announced Friday its wholly-owned U.S. subsidiary, Sentry Merger Sub Inc. has completed its acquisition of San Diego-based Senomyx Inc.
The deal will enhance Sentry’s healthy foods, drink and oral care experiences for its customers, it said.
Under terms of the merger, Sentry will acquire all the outstanding common stock of Senomyx for $1.50 per share.
As a result of the tender offer and the merger, Senomyx will become a wholly-owned subsidiary of Firmenich and Senomyx common stock will stop trading on the NASDAQ.
Other financial terms were not disclosed.