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Article: Eppendorf buys New Brunswick Scientific.(Executive Briefing: News & Views for Executives)
- Article from:
- Instrument Business Outlook
- Article date:
- July 15, 2007
CopyrightCOPYRIGHT 2007 Strategic Directions International Inc. (SDI). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Edison, NJ and Hamburg, Germany 7/11/07--Eppendorf AG has agreed to acquire New Brunswick Scientific for approximately $110 million. Eppendorf will acquire the outstanding common stock for $11.50 per share, a 43% premium over the July 10 closing price, and will settle all outstanding stock options for cash. New Brunswick Scientific will become a subsidiary of Eppendorf and will operate as a Center of Excellence. "NBS's strong brand recognition and leadership position in complementary market segments makes this a compelling acquisition opportunity for Eppendorf," stated Klaus Fink, CEO of Eppendorf. David Freedman, cofounder and chairman of New Brunswick, and other ...