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Biotech / Medical : QIAGEN (QGENF) - Star of Germany's Biotechs

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From: Henrik4/4/2011 7:04:08 PM
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QIAGEN Makes Proposal to Acquire Australian Diagnostics Company Cellestis Limited
-- QIAGEN to acquire Cellestis Limited (CST:AU) via a Scheme of Arrangement (the Scheme) for approximately A$341 million(1) (US$355 million), or A$3.55 per share
-- Unanimous support from Cellestis board of directors(2);
QIAGEN granted options to acquire up to 19.9% of Cellestis ordinary shares under certain circumstances, subject to regulatory approvals
-- Acquisition provides QIAGEN with exclusive access to QuantiFERON® technology for high sensitivity, early disease detection not possible with other diagnostic approaches
-- QuantiFERON® technology successfully commercialized with two marketed Cellestis tests for detection of latent tuberculosis (TB) and life-threatening CMV virus
-- QIAGEN to expand QuantiFERON® portfolio, migrate technology to QIAsymphony and QIAensemble platforms and leverage synergies with current QIAGEN assay portfolio and pipeline
-- Acquisition would accelerate QIAGEN's sales and adjusted EPS growth rates in 2012

Full story:
finance.yahoo.com
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