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Friday, November 17, 2006 11:43:05 AM
Becton Dickinson Will Buy Out Tripath Imaging ( Investrend )
(financialwire.net via COMTEX) --
September 8, 2006 (FinancialWire) Becton, Dickinson and Co. (NYSE: BDX) has
agreed to buy the remaining 93.5 percent stake it doesn't own in Tripath
Imaging (OTCBB: TRPH) for around $350 million.
Becton Dickinson plans to pay $9.25 a share to purchase Tripath's medical
diagnostic machine manufacturing business.
In a statement Becton Dickinson said, "The combination of BD's and TriPath
Imaging's biomarkers, sample acquisition/processing, reagent systems and
instrumentation technologies will provide BD with the technological
foundation for innovative oncology management in cancer centers, hospitals
and laboratories worldwide."
The two companies have been collaborating on the development of systems for
identifying cancer genetic markers.
The deal, still pending FTC and shareholder approvals, is expected to close
by the end of the first quarter 2007.
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