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Quidel to acquire Ortho Clinical Diagnostics

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Published:4th Jan 2022
Quidel Corporation and Ortho Clinical Diagnostics Holdings plc announced that they have entered into a definitive agreement in which Quidel will acquire Ortho, one of the world’s largest in vitro diagnostics companies, for $24.68 per share of common stock using a combination of cash and newly issued shares in the combined company, representing a 25% premium over Ortho’s closing price on December 22, 2021 and an equity value of approximately $6.0 billion.

The transaction is expected to close during the first half of fiscal year 2022, subject to customary closing conditions.

Type: industry

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