Tuesday, May 15, 2007

Biosite shares fall after Beckman won't raise bid

(Reuters) - Biosite's board told Beckman that it considered a $92.50-per-share bid by Inverness, which makes home pregnancy tests and fertility monitoring kits, superior to Beckman Coulter's $90-per-share offer, Beckman said.

Biosite shares, which had risen on hopes of a higher bid, fell 3 percent in premarket trading to $91.60 from Monday's Nasdaq close of $94.66.


Read more at Reuters.com Hot Stocks News

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