Marrone Bio shares surged over 30% in premarket trading.
Argentinian company Bioceres Crop Solutions Corp. has agreed to buy Davis-founded Marrone Bio Innovations Inc. in an all-stock transaction valued at $236 million.
Bioceres (Nasdaq: BIOX) is based in Rosario, Argentina, and Marrone (Nasdaq: MBII) is based in Raleigh, North Carolina, with its research and development in Davis, where the company was founded. Marrone Bio moved its headquarters to North Carolina this year.
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