Quest Diagnostics to Acquire Celera, Strengthening Position as World's Leading Innovator in Molecular Diagnostics and Development
-- Provides Immediate Access to Proprietary Genetic Tests and Pipeline of Biomarkers to Drive Sustainable Growth -- -- Berkeley HeartLab Brings Unique Esoteric Cardiovascular Test Offering and Specialized Sales Force -- -- Adds Leading Genetic IVD Products and Development Capability -- -- Transaction Valued at Approximately $344 Million, Net of Acquired Cash and Short-Term Investments --
Quest Diagnostics Incorporated (NYSE: DGX), the world's leading provider of diagnostic testing, information and services, and Celera Corporation (Nasdaq: CRA), one of the world's pioneers in genetic diagnostics discovery and development, announced today that they have entered into a definitive merger agreement under which Quest Diagnostics will acquire Celera for $8 per share, representing a transaction value of approximately $344 million, net of $327 million in acquired cash and short-term investments.
- Published: 18 March 2011
- Written by Editor