Inverness Medical Innovations, Inc. Announces Binding Offer to Acquire Biosite Incorporated via Cash Tender at $92.50 Per Share

WALTHAM, Mass.--(BUSINESS WIRE)--Inverness Medical Innovations, Inc. (Amex: IMA) today announced that it has submitted a new binding offer to acquire Biosite Incorporated (Nasdaq: BSTE) via a cash tender offer at $92.50 per share, enhancing the value of its prior proposal by $2.50 per share.

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