Mergers & Acquisitions

Biosite Announces Regulatory Clearance in Germany of Beckman Coulter Tender Offer

Published in Healthcare Mergers, Acquisitions and Ventures Week, May 12th, 2007

Biosite Incorporated (NASDAQ:BSTE) announced that Beckman Coulter, Inc. (NYSE:BEC) has obtained clearance from the German Federal Cartel Office (the Bundeskartellamt) in connection with its proposed acquisition of Biosite pursuant to the tender offer described below.

The tender offer is conditioned upon at least a majority of the outstanding Biosite shares, determined on a fully diluted basis, being tendered, as well as the satisfaction of other customary conditions. Approval of the transaction by Beckman Coulter's shareholders is not required.

As previously announced, a subsidiary of Beckman Coulter has commenced a cash tender offer to acquire all...

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Source: Healthcare Mergers, Acquisitions and Ventures Week (2007-05-12)

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