The healthcare-technology company Siemens Medical Solutions, Malvern, Pa., has made an offer to acquire the clinical-diagnostics company Dade Behring Holdings, Deerfield, Ill., according to news releases issued by both companies.
If completed, the deal could potentially make Siemens the market leader in comprehensive clinical laboratory diagnostics, said Siemens President and Chief Executive Officer Erich Reinhardt in a news release. The deal would bring 25,000 worldwide customers in 35 countries into the Siemens portfolio.
The proposed deal, valued at $7 billion, calls for Siemens to pay Dade Behring stockholders $77 per outstanding share of common stock, with the transaction commencing Aug. 8. Dade Behring board members have unanimously endorsed the buyout, according to a company statement. The deal is subject to regulatory approval. -- by Shawn Rhea