Mergers & Acquisitions

Luminex Corp. signs definitive agreement to acquire genetic testing company Tm Bioscience Corp.

Published in Law and Health Weekly, January 20th, 2007

Luminex Corporation (LMNX) and Tm Bioscience Corporation (TMC) announced a definitive agreement for Luminex to acquire Tm Bioscience Corporation (TMC), a company in the commercial genetic testing market.

Under the terms of the agreement, each Tm Bioscience share will be exchanged for 0.06 shares of Luminex common stock. The per share consideration represents a 41.5% premium for Tm shares based on the closing price of a share of Tm common stock and Luminex common stock on December 14, 2006, the last trading day prior to the announcement of the acquisition. Upon completion of this transaction, Tm shareholders will own approximately 9% of Luminex outstanding common...

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Source: Law and Health Weekly (2007-01-20)

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