GE to purchase Whatman for $717M

Published: Tuesday, February 05, 2008
General Electric Co. agreed to buy Whatman Plc, the U.K. maker of DNA-based products for drug research and police laboratories, for 363 million pounds ($717 million) to gain filters and equipment for its health-care business.

Investors in London-based Whatman will get 270 pence a share, Fairfield, Conn.-based GE said Monday in a statement. That's 12 percent more than Whatman's closing price on Feb. 1, the last trading day before Monday's announcement, and 31 per cent more than the closing price on Jan. 14, the day before Whatman announced it had been approached as a target.




Source: The Calgary Herald
02/06/08