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Boldon pharmaceutical firm IDS set to be bought in deal worth £110m

Boldon pharmaceutical firm IDS set to be bought in deal worth £110m American life sciences firm PerkinElmer wants to buy Immunodiagnostic Systems, which has its base in South Tyneside Get the latest South Tyneside news and updates delivered straight to your inboxInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice South Tyneside pharmaceutical firm Immunodiagnostic Systems is set to be acquired by a US company in a deal worth £110m.

PerkinElmer : to Acquire In-Vitro Diagnostics Company Immunodiagnostic Systems Holdings PLC

Endocrinology testing specialist expands PerkinElmer’s immunodiagnostics segment PerkinElmer, Inc. (NYSE: PKI) (“PerkinElmer”) and Immunodiagnostic Systems Holdings PLC (LSE: IHS) (“IDS”) are pleased to announce that they have reached an agreement on the terms of a recommended all cash offer whereby PerkinElmer will acquire IDS for approximately $155 million (£110 Million). The transaction has a total enterprise value of approximately $124 million (£88 Million) and is expected to close early in the third quarter of 2021, subject to approvals from the shareholders of IDS, sanction by the High Court of Justice in England and Wales and other customary closing conditions for a public takeover in the United Kingdom.

PerkinElmer (PKI) to Acquire Immunodiagnostic Systems Holdings

PerkinElmer (PKI) to Acquire Immunodiagnostic Systems Holdings
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