Meridian Bioscience, Inc. (VIVO) Signs Agreement In Principle To Acquire Leading Manufacturer And Distributor Of Biological Components
10/19/2005 5:12:10 PM
Meridian Bioscience, Inc., (Nasdaq:VIVO) today announced it has executed a letter of intent to acquire all the outstanding capital stock of O.E.M. Concepts, Inc., a leading producer and distributor of biological components headquartered in Toms River, New Jersey. The purchase price includes cash and future performance-based earn out opportunities, the amounts of which were not disclosed. O.E.M. Concepts' management team will remain in place and continue after the transaction is completed. The transaction is expected to be completed within 60-90 days.
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