Inverness Medical Innovations Agrees to Acquire Panbio Ltd.

PR Newswire | October 8, 2007 | Copyright

WALTHAM, Mass., Oct. 8 /PRNewswire-FirstCall/ -- Inverness Medical Innovations today announced that it has entered into a Scheme Implementation Agreement with Panbio Ltd, an Australian company traded on the Australian Securities Exchange, under which it is proposed that Inverness will acquire all of the issued shares in Panbio for AUD 0.65 cash per share. The proposed Scheme, which values the issued share capital of Panbio at approximately AUD 41 million, or approximately USD 37 million, is subject to approval by Panbio shareholders at a meeting expected to be held in ...

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