Whatman to Acquire Schleicher & Schuell for 50.2M Euros

NEW YORK, Nov. 8 (GenomeWeb News) - Whatman announced today its proposed acquisition of Schleicher & Schuell for €50.2 million ($65 million).

According to Whatman, the acquisition, which will be financed in full by debt, gives it the opportunity to expand its presence in Europe, while achieving cost and revenue synergies as early as next year.

The announcement comes about four months after Whatman terminated a licensing deal with Schleicher & Schuell as part of a patent infringement lawsuit settlement.

Whatman noted that the acquisition is still subject to approval at an extraordinary general meeting scheduled for Nov. 30.