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Article: Caliper Paying $72M In Cash, Stock For Zymark Acquisition.
- Article from:
- BIOWORLD Today
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. 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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Washington Editor
By purchasing a laboratory automation and robotics company for $57 million in cash and 3.15 million shares, Caliper Technologies Inc. believes it can enrich its infrastructure, commercialize some of its own innovations and increase its partnership opportunities.
Nearly three years ago when Caliper raised $105 million through the sale of 2.3 million shares of its common stock, company officials told investors they would look to acquire a company or two. In Zymark Corp., Caliper found a company with the right characteristics for the right price, James Knighton, Caliper's president and chief financial officer, told BioWorld Today. (See ...
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