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LabCorp to spend $6.1 billion on Covance

2014-11-03 13:56:12| Biotech - Topix.net

LabCorp will pay about $6.1 billion in cash and stock to buy Covance in a tie-up that aims to improve clinical trial research for pharmaceuticals. LabCorp said Monday that it will pay $105.12 for each share of the Princeton, New Jersey, company, representing a 32 percent premium to Covance's closing price Friday.

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Category:Biotechnology and Pharmaceuticals

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