Friday, April 13, 2007

Qiagen agrees to buy eGene Inc. for $34 million

(Reuters) - The acquisition is expected to close in the third quarter of 2007, subject to regulatory and shareholder approval, and will add about $2 million to Qiagen's sales in the second half of 2007 and about $7 million to $9 million in 2008, Qiagen said.

One-time charges related to the deal are expected to reduce Qiagen's earnings per share by about $0.01 in the second half of 2007 and to be earnings-neutral in 2008. Margins are not expected to be materially affected.


Read more at Reuters.com Mergers News

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