New Issue: Metabolix closes $7.5 million private placement of stock

By Sheri Kasprzak

New York, Nov. 16 - Metabolix, Inc. completed a $7.5 million private placement with Archer-Daniels-Midland Co.

ADM, an existing shareholder and one of the company's collaborative partners, bought 535,714 shares at $14.00 each. The price per share represents a 12.5% discount to the company's $16.00 closing stock price on Wednesday.

Cambridge, Mass.-based Metabolix develops alternatives to petrochemical-based plastics, fuels and chemicals.

Issuer:	Metabolix, Inc.
Issue:	Stock
Amount:	$7.5 million
Shares:	535,714
Price:	$14.00
Warrants:	No
Investor:	Archer-Daniels-Midland Co.
Settlement date:	Nov. 15
Stock symbol:	Nasdaq: MBLX
Stock price:	$18.28 at close Nov. 15

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