Analysts say MDS' deal to buy Molecular Devices for $615 million represents a "healthy premium" for investors. MDS plans to combine Sunnyvale, CA-based Molecular Devices, which makes software and systems for researchers engaged in biochemical testing and cellular analysis, with MDS Sciex into a unit with 1,100 employees. The unit will be led by Andy Boorn. MDS is paying $35.50 a share, a 49 percent premium over the January 26 closing price. MDS says that the FDA is close to wrapping up a long and expensive review of its research centers after the agency cited the company for failing to fix the sources of contamination found in blood tests.
- check out the release [1] on the buyout
- here's the report [2] from the Toronto Star
- and the report [3] from the San Jose Mercury News
Related Article:
Deals and more deals. Report [4]
Links:
[1] http://www.fiercebiotech.com/node/5441
[2] http://www.thestar.com/Business/article/176073
[3] http://www.mercurynews.com/mld/mercurynews/business/16578395.htm
[4] http://www.fiercebiotech.com/story/deals-and-more-deals/2006-12-22