Solazyme (SZYM) Gains Following Bullish Analyst Comments

Solazyme (NASDAQ: SZYM) gains were tied to comments from Raymond James analyst Pavel Molchanov. Earlier International Flavors & Fragrances Inc. (NYSE: IFF) announced that it has made a binding offer for the acquisition of Lucas Meyer Cosmetics, a business of Unipex Group. Molchanov called this an extremely bullish read-through for Solazyme, as metrics imply its Algenist brand may be equal to the enterprise value of the entire company. Under the terms of the offer, IFF will pay approximately €283 million for Lucas Meyer Cosmetics.

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