Beckman Coulter Backs Down, Biosite Says ‘Yes’ to Inverness
 
After a bidding war lasting more than a month, Biosite is on the verge of merging with Inverness Medical Innovations.
 
This week, Biosite said that it intends to accept a takeover bid by Inverness after its board determined the latest Inverness offer of $92.50 per share is superior to an offer by Beckman Coulter of $90 per share.
 
Beckman responded by saying it would not raise its bid.
 

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