Meridian down on $1.53 bln take-private deal
07/07/2022 15:16
** Shares of diagnostic kit maker Meridian Bioscience
VIVO.O fall 1.01% to $33.15
** Co to be acquired by SD Biosensor Inc 137310.KS and PE
firm SJL Partners LLC in all-cash $1.53-bln deal urn:newsml:reuters.com:*:nL4N2YO29N
** VIVO shareholders will receive $34/shr, 1.3% premium to
stock's closing price on Wednesday but 32% higher than its
closing price a day before the South Korean firms made their
first offer in March
** Upon completion of the take-private transaction, SD
Biosensor will own ~60% of Meridian and SJL the rest
** Transaction expected to close in Q4
** Stock up ~63% YTD
(Reporting by Mrinalika Roy in Bengaluru)
((mrinalika.roy@thomsonreuters.com;))
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