Skip to main content
Premium Trial:

Request an Annual Quote

TriPath Agrees to $350M BD Acquisition; Deal Slated to Close in Q4

NEW YORK (GenomeWeb News) - TriPath Imaging said today that it has signed a definitive merger agreement with Becton, Dickinson, under which BD will acquire the 93.5 percent of outstanding TriPath shares that it does not currently own in a deal worth approximately $350 million.
 
BD announced its intent to acquire TriPath last month. The companies have been collaborating to identify cancer biomarkers since 2001, when BD acquired an approximately 6.5-percent equity stake in TriPath.
 
Under the terms of the acquisition agreement, BD will pay $9.25 for each share of TriPath Imaging common stock, an 81 percent premium to $5.12, TriPath’s closing share price on Aug. 14, when BD announced its proposal to acquire the firm.
 
The transaction is expected to close in the fourth quarter of 2006.
 
TriPath, based in Burlington, NC, develops and sells products for cancer diagnostics and treatment. The company’s TriPath Oncology subsidiary develops molecular diagnostic products for malignant melanoma and cancers of the cervix, breast, ovary, and prostate.

The Scan

Interfering With Invasive Mussels

The Chicago Tribune reports that researchers are studying whether RNA interference- or CRISPR-based approaches can combat invasive freshwater mussels.

Participation Analysis

A new study finds that women tend to participate less at scientific meetings but that some changes can lead to increased involvement, the Guardian reports.

Right Whales' Decline

A research study plans to use genetic analysis to gain insight into population decline among North American right whales, according to CBC.

Science Papers Tie Rare Mutations to Short Stature, Immunodeficiency; Present Single-Cell Transcriptomics Map

In Science this week: pair of mutations in one gene uncovered in brothers with short stature and immunodeficiency, and more.