Switzerland-based Firmenich, which has its U.S. headquarters in Plainsboro, announced Thursday its wholly-owned U.S. subsidiary, Sentry Merger Sub Inc., has started its tender offer to acquire San Diego-based Senomyx Inc.
Under terms of the merger, Firmenich will acquire all the outstanding common stock of Senomyx for $1.50 per share.
The merger has been approved by both company’s boards of directors, they said.
