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Siemens Medical Solutions Completes Acquisition Of Diagnostic Products Corporation (DP)


7/28/2006 1:07:30 PM

ERLANGEN, Germany & LOS ANGELES--(BUSINESS WIRE)--July 27, 2006--Siemens announced today that it has completed its acquisition of Diagnostic Products Corporation (DPC) (NYSE:DP - News), marking a significant milestone for Siemens as it enters the in-vitro diagnostics (IVD) market. Together with DPC, Siemens Medical Solutions will become the first full service diagnostics company. Earlier today, DPC shareholders approved the merger of DPC and a wholly owned subsidiary of Siemens Medical Solutions, Inc. In the merger, which is now complete, each share of DPC common stock was converted into the right to receive a cash payment of $58.50 per share.

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