Synbiotics’ sale to Pfizer tops $20M mark But fate of staff, HQ in Kansas City remains unclear Kansas City Business Journal - by Aly Van Dyke , Staff Writer Date: Friday, January 7, 2011, 5:00am CST - Last Modified: Thursday, January 6, 2011, 5:28pm CST
Pfizer Animal Health officially acquired Kansas City-based Synbiotics Corp. on Dec. 30.
The terms of the acquisition weren’t disclosed, but an industry source indicated that the purchase price was slightly more than $20 million.
Representatives from Synbiotics could not be reached for comment.
Synbiotics develops and manufactures immunodiagnostic tests for companion animals and livestock. It started in San Diego in 1982 and moved its headquarters to Kansas City in 2007.
In a Dec. 29 release, the companies said Synbiotics shareholders would receive 30.6 cents a share in cash, of which just less than 2 cents a share would be held ...
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