Is Bio-Rad trying to replicate in 2005 the success it had in 1999 when it bought Sanofi Diagnostics Pasteur for $210 million?

With $200 million in credit lined up, Bio-Rad said it is very willing to spend almost half of it to acquire reagent company BioSource of Camarillo, Calif. Trouble is, BioSource is having none of it, and has rebuffed Bio-Rad at every turn.

Last week, Bio-Rad announced an $82-million proposal for BioSource, offering $8.50 a share for the publicly held reagent company.

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