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NEW YORK – PerkinElmer said on Thursday morning it has agreed to acquire Oxford Immunotec for about $591 million.

Under the terms of the deal, Waltham, Massachusetts-based PerkinElmer will pay $22 in cash for each outstanding share of Oxford Immunotec's stock, or a 28.3 percent premium to the closing price of the Abingdon, UK-based company's on Jan. 5, the last practicable date prior to the date of the deal. It is also a 53.5 percent premium to the 90-trading-day, volume-weighted average price of Oxford Immunotec's shares for the period from Oct. 8, 2020 to Jan. 5, 2021.

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