Inverness 'Dismayed' at Biosite's 'Silence' on Its Acquisition Offer

Apr 09, 2007

NEW YORK (GenomeWeb News) — Biosite has not responded to Inverness Medical Innovations' unsolicited offer to buy the company for $90 a share, Inverness said today, although Biosite issued a statement last Thursday saying it had received the offer and was evaluating it.

Inverness’s offer came just a week after Biosite agreed to be acquired by Beckman Coulter for $85 a share, or around $1.55 billion.

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