Techne Corp to acquire ProteinSimple

Tuesday, 17 Jun 2014 07:15am EDT 

Techne Corp:Has agreed to acquire ProteinSimple for $300 million in cash.The transaction will be financed through a combination of cash on hand and a new revolving line of credit facility that Bio-Techne expects to obtain prior to the closing of the acquisition.JPMorgan is acting as exclusive financial advisor to ProteinSimple and Cooley LLP is serving as ProteinSimple's legal counsel.Fredrikson & Byron, P.A. is serving as Bio-Techne's legal counsel.The transaction is expected to close on or around July 31.