ARTICLE | Company News

Codexis, Maxygen supply/service news

December 6, 2010 8:00 AM UTC

Maxygen said it will distribute to its shareholders $30 million in cash and substantially all of its 17% stake in Codexis plus shares received upon the exercise of a warrant to purchase an additional 30,816 shares of Codexis common stock. The shares and warrant are valued at $61.1 million based on Codexis' close of $10.20, before the deal was announced. ...