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Strategies & Market Trends : Speculating in Takeover Targets

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Nov 3 9:30 AM EST

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From: richardred	7/11/2007 10:04:57 AM
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Bingo-Finally Realized and I still own it! New Brunswick to Be Bought for $110M Wednesday July 11, 8:45 am ET New Brunswick to Be Bought by Eppendorf for $110 Million in Cash EDISON, N.J. (AP) -- New Brunswick Scientific Co., a maker of scientific equipment, said Wednesday it agreed to be bought by privately-held laboratory equipment maker Eppendorf Group for $110 million in cash. Eppendorf, based in Hamburg, Germany, agreed to pay $11.50 per share, which represents a premium of 43 percent on the stock's closing price Tuesday of $8.03. The New Brunswick board approved the planned sale and recommended that shareholders vote in favor of the transaction. The companies expect the deal to close in the third quarter, pending customary approvals. Questions or comments about this story should be directed to the Financial News desk of The Associated Press at 212-621-7190. biz.yahoo.com

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