Analysts: Genomic Solutions Pays $5.5 Million in PerkinElmer Settlement But May Get Back More | GenomeWeb

NEW YORK, April 19 – In settling a suit with PerkinElmer Thursday, Genomic Solutions has paid PerkinElmer $5.5 million to buy back a large part of its stock, and given UK distribution rights to its products to PerkinElmer, but the settlement may make the company more attractive to investors, analysts are saying.

The settlement terminates PerkinElmer’s “call right” to shares of Genomic Solutions stock, which allowed PerkinElmer to call in all shares of Genomic Solutions and become the sole shareholder.

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