Brief: Meridian Bioscience Enters Into Agreement To Be Acquired By SD Biosensor And SJL Partners In $1.53 Bln Deal

VivoPower

07/07/2022 12:20

July 7 (Reuters) - SD Biosensor Inc  137310.KS :
    * MERIDIAN BIOSCIENCE, INC. ENTERS INTO AGREEMENT TO BE ACQUIRED BY SD
BIOSENSOR
AND SJL PARTNERS IN $1.53 BILLION ALL-CASH TRANSACTION
    * MERIDIAN BIOSCIENCE INC - SHAREHOLDERS TO RECEIVE $34.00 PER SHARE IN
CASH,
PROVIDING IMMEDIATE, COMPELLING AND CERTAIN VALUE
    * MERIDIAN BIOSCIENCE INC - DEAL FOR APPROXIMATELY $1.53 BILLION
    * MERIDIAN BIOSCIENCE INC - COMPLETION OF TRANSACTION IS NOT CONTINGENT ON
ANY
FINANCING CONDITION
    * MERIDIAN BIOSCIENCE - UPON COMPLETION OF DEAL, IT IS EXPECTED THAT SDB
WILL OWN
APPROXIMATELY 60% AND SJL WILL OWN APPROXIMATELY 40% OF MERIDIAN
    * MERIDIAN BIOSCIENCE INC - MERIDIAN WILL NO LONGER BE TRADED OR LISTED ON
ANY
PUBLIC SECURITIES EXCHANGE
    * MERIDIAN BIOSCIENCE INC - CONSORTIUM INTENDS TO OPERATE MERIDIAN AS AN
INDEPENDENT ENTITY FOLLOWING COMPLETION OF TRANSACTION
    * MERIDIAN BIOSCIENCE INC - MERIDIAN'S LEADERSHIP TEAM AND HEADQUARTERS ARE
EXPECTED TO REMAIN IN PLACE

Source text for Eikon:  ID:nPn8978Wra 
Further company coverage:  137310.KS 

 ((Reuters.Briefs@thomsonreuters.com;))