Perkin-Elmer Acquires 14.5% Stake In Tecan
Perkin-Elmer Corp said it has entered into a definitive agreement toacquire 14.5% of Tecan AG, a leader in automating systems for life science and diagnostic markets, based in Switzerland. The acquisition gives P-E approximately 52% of voting rights in Tecan.
Tecan has market capitalization of approximately 470 million Swiss francs ($328.1 million) and trades on the Swiss stock exchange. P-E is to pay cash for the shares, although other financial terms were not disclosed.
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