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Biotech / Medical : New Brunswick Scientific Co., Inc. (NBSC) -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (611)	1/21/2003 12:32:18 PM
From: richardred	Respond to of 724

No nothing imminent, but another muncher candidate. Beckman is a two billion dollar company who strategy also includes acquisitions in their model. The company completed a second round of financing (500 mill)last OCT. It has completed one acquisition since then. Sells centrifuges, but no Freezers in its product line to be a fully rounded supplier. "This facility is a key component of our overall financing strategy," said John P. Wareham, chairman, president and chief executive officer for Beckman Coulter. "We appreciate the ongoing support of our banks and other financial partners. Our strong cash flow and improved credit ratings enabled us to significantly increase our flexibility under the new facility compared with our prior facility. This new facility, along with our cash flow and other financings, will provide needed resources and flexibility to operate our business and pursue strategic opportunities over the next few years."