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    Friday, May 18, 2007

    Inverness Medical Buys Biosite
    Inverness Medical Innovations said Thursday afternoon that it has agreed to buy San Diego's Biosite Incorporate, in a deal worth $92.50 per share, approximately $1.57B. Biosite is commercialization proteomics products for medical diagnosis. Biosite said that it has terminated its previously announced merger agreement with Beckman Coulter. Beckman Coulter had offered $90.00 per share for Biosite. The deal is expected to close by July 3rd. Inverness was advised by UBS Investment Bank; Goldman Sachs & Co. advised Biosite in the deal.
    posted on Friday, May 18, 2007

    Related companies:
    Inverness Medical Innovations

    Related stories:
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    > Alure Medical Raises $4.5M For Medical Devices
    > Sensory Medical Finds $2.5M

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