Siemens Medical Solutions has accepted all validly tendered shares of U.S. laboratory diagnostics firm Dade Behring, the Erlangen, Germany, company reported.
More than 90% of Dade Behring's common stock has been tendered, and Siemens expects to close the transaction on November 6.
Dade Behring will be integrated into the existing business of Siemens Medical Solutions Diagnostics, a wholly owned subsidiary of Siemens Medical Solutions USA. Jim Reid-Anderson, president and CEO of Dade Behring, will lead the Siemens Medical Solutions Diagnostics global business. Jochen Schmitz will continue as chief financial officer (CFO). The primary offices of the company will be in Deerfield, IL, which are Dade Behring's current headquarters.
By AuntMinnie.com staff writers
November 1, 2007
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Road to RSNA, Siemens Medical Solutions, October 26, 2007
Siemens gets European OK for Dade Behring buy, October 25, 2007
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