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Beckman Coulter Pockets $600M in Notes After Investors Bite Option

NEW YORK (GenomeWeb News) — Beckman Coulter today said it has pocketed $600 million after it placed $525 million in convertible senior notes and after initial buyers decided to exercise their option to purchase $75 million more.
 
Beckman Coulter said it plans to use the cash to pay debts and to increase R&D spending, including developing a molecular diagnostics project. It announced the original $525 million offering on Monday.
 
The notes will pay 2.5 percent semiannually and on occasions at the beginning of a six-month period in December 2012.
 
Beckman Coulter said the notes will be convertible at a rate of 13.47 shares per $1,000 principal, or a price of $74.24. The company said that price is 25-percent more than Monday’s close of $59.37.
The Scan

Dropped Charges

The US Justice Department has dropped visa fraud charges against five Chinese researchers, according to the Wall Street Journal.

More Kids

The Associated Press says Moderna is expanding its SARS-CoV-2 vaccine study to included additional children and may include even younger children.

PNAS Papers on Rat Clues to Human Migration, Thyroid Cancer, PolyG-DS

In PNAS this week: ancient rat genome analysis gives hints to human migrations, WDR77 gene mutations in thyroid cancer, and more.

Purnell Choppin Dies

Purnell Choppin, a virologist who led the Howard Hughes Medical Institute, has died at 91, according to the Washington Post.