Qiagen to pay up to $135M for Corbett Life Science
Netherlands-based Qiagen NV has acquired Corbett Life Science, a privately-held developer, manufacturer and distributor of life sciences instrumentation headquartered in Sydney, Australia. The transaction is valued at around $66.0 million in cash (subject to certain customary purchase price adjustments), $4.0 million in restricted Qiagen common stock and performance and development milestone payments and other contingencies of up to about $65.0 million over the next four years, for a total of up to $135.0 million.
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