MBII - Marrone Bio Innovations shareholders approve merger deal with Bioceres Crop Solutions

• Marrone Bio Innovations ( NASDAQ: MBII ) on Monday said its shareholders had approved the proposed merger agreement with Bioceres Crop Solutions ( BIOX ).
• BIOX and MBII announced the proposed deal in March, as per which BIOX would acquire MBII in an all-stock transaction .
• The companies had said that each MBII share will be exchanged at closing for BIOX shares at a fixed ratio of 0.088, representing a value of ~$236M.
• MBII on Monday said its shareholders met at a special shareholder meeting on July 8 and approved the proposal.
• MBII said the companies intend to close the deal on July 12.
• MBII stock -2.4% at $1.03 in morning trading, while BIOX was down 1.5% at $12.04.

For further details see: