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Biotechnology M&A image Biotechnology M&A » By The Online Investor Staff, updated Tue., Apr. 20, 3:13 AM Recent mergers and acquisitions in the Biotechnology M&A category.

Slide #58. Techne Corporation Bionostics Holdings Limited

Acquirer: Techne Corporation (NASDAQ:TECH)
Acquiree: Bionostics Holdings Limited
Details: Techne Corporation (NASDAQ: TECH) (Techne) announced today that it has finalized its previously announced acquisition of Bionostics Holdings Limited and its operating subsidiary Bionostics, Inc. (Bionostics). Bionostics was acquired for approximately $104 million in cash, subject to adjustments following closing based on the final level of working capital.

Bio-Techne and its subsidiaries develop, manufacture and sell life science reagents, instruments and services for the research and clinical diagnostic markets.Co.'s segments include: Protein Sciences, which developes and manufactures purified proteins and reagent solutions, cytokines and growth factors, antibodies, immunoassays, biologically active small molecule compounds, tissue culture reagents and T-Cell activation technologies; and Diagnostics and Genomics, which develops and manufactures diagnostic products, including Food and Drug Administration-regulated controls, calibrators, blood gas and clinical chemistry controls and other reagents for Original Equipment Manufacturer.

TECH SEC Filing Email Alerts Service


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Company Name: 
Bio-Techne Corp
Stock buyback: 
TECH buyback
Website: 
www.bio-techne.com
Sector: 
Biotechnology
Number of ETFs Holding TECH: 
77
Total Market Value Held by ETFs: 
$2.66B
Total Market Capitalization: 
$16.11B
% of Market Cap. Held by ETFs: 
16.52%
 

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Strong Buy (3.56 out of 4)
60th percentile
(ranked higher than approx. 60% of all stocks covered)

Analysts' Target Price:
TECH Stock Forecast

Based on Zacks ABR data;
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