Skip to main content
Premium Trial:

Request an Annual Quote

LabCorp Completes Tender Offer for Orchid Cellmark

NEW YORK (GenomeWeb News) – Laboratory Corporation of America today said that it has successfully completed its cash tender offer for all outstanding shares of Orchid Cellmark.

It also announced the commencement of a subsequent offering period to expire on Dec. 15, 4:00 p.m. EST.

The initial offer period ended on Dec. 9, 5:00 p.m., and LabCorp has been advised by the depositary for the tender offer that as of the expiration of the initial offer period stockholders of Orchid had validly tendered 25,965,712 shares of the company's stock, including 67,735 shares tendered through notices of guaranteed delivery.

The shares represent 86.5 percent of Orchid's currently outstanding shares, and 86.3 percent, excluding shares tendered through notices of guaranteed delivery. All Orchid shares validly tendered have been accepted for payment in accordance with the terms of the tender offer, LabCorp said.

The company also commended a subsequent offering period so that Orchid shareholders who did not tender their shares during the initial offering period may do so with the same $2.80 per share price paid to Orchid shareholders during the initial offering period.

LabCorp announced its $85.4 million purchase of Orchid in April. After a series of extensions, the deal was cleared by the US Federal Trade Commission last week.

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.