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Hologic Inc Announces Sale Of LIFECODES To Immucor Inc


Thursday, 3 Jan 2013 05:04pm EST 

Hologic Inc announced that it has entered into a definitive agreement to sell its LIFECODES business unit to Immucor Inc. Under the terms of the agreement, Hologic will receive $85 million in cash at closing, subject to certain adjustments, and have the opportunity to earn a contingent payment of $10 million based on achievement of certain financial targets for the calendar year 2013. The transaction is subject to customary closing conditions, including expiration of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The transaction is expected to close during the second fiscal quarter. 

Company Quote

23.84
-0.49 -2.01%
1 Oct 2014