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LabCorp, Covance tap Deloitte to help with merger
2015-01-06 23:35:19| Biotech - Topix.net
Burlington-based Laboratory Corp. of America and Covance , the New Jersey-based clinical trial research firm it is purchasing for $6.1 billion, have tapped big-league consulting firm Deloitte to help with the integration of the two companies post-merger. The news came in a letter to employees of both companies sent to close out 2014 from Steve Anderson , senior vice president and global head of clinical trials for LabCorp , and Jared Freedberg , vice president of corporate development for Covance .
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LabCorp gets answer from FTC on $6B purchase of Covance
2014-12-16 23:09:50| Biotech - Topix.net
Burlington-based Laboratory Corp. of America's plan to purchase Covance Inc. for $6.1 billion has passed through a 30-day period of review by federal regulators with no objections, setting the stage for shareholders to vote on the deal in the near future. The deal was put before the Federal Trade Commission for review, with regulators assessing its impact on consumers and competition, through a Hart-Scott-Rodino filing.
LabCorp completes buyout of Raleigh's LipoScience
2014-11-21 22:26:31| Biotech - Topix.net
Laboratory Corporation of America Holdings completed its acquisition of Raleigh's LipoScience Inc, buying the Raleigh company for less than half its peak value. On Sept.
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LabCorp to buy Covance for $6.1 billion
2014-11-04 03:34:18| Biotech - Topix.net
One of the nation's largest medical testing companies, Laboratory Corp. of America Holdings , agreed Monday to buy Princeton, New Jersey-based Covance for approximately $6.1 billion. Covance is a global contract research organization that conducts clinical trials of new drug candidates for pharmaceutical and biotechnology companies.
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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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