QIAGEN Announces Approval of Digene Acquisition Received at
Extraordinary General Meeting of QIAGEN Shareholders
On June 3, 2007, QIAGEN and Digene announced that they had entered into a merger agreement, under which QIAGEN will acquire Digene in a transaction that consists of 55% cash and 45% QIAGEN stock. The transaction is subject to the tender of a majority of Digene’s common stock on a fully diluted basis before 11:59 p.m. EST on July 20, 2007, unless the offer is extended.
The Companies have successfully completed major milestones towards closing this transaction in a shorter period of time than initially projected. Previously, QIAGEN and Digene announced they expected to complete the transaction in August/September. QIAGEN now believes that it should be able to close the transaction in the earlier part of this period.
QIAGEN N.V., a Netherlands holding company, is the leading provider of sample and assay technologies. Sample technologies are used to isolate and process DNA, RNA, and proteins from biological samples such as blood or tissue. Assay technologies are used to make such isolated biomolecules visible. QIAGEN has developed and markets more than 500 consumable products as well as automated solutions for such consumables. The company provides its products to molecular diagnostics laboratories, academic researchers, pharmaceutical and biotechnology companies, and applied testing customers for purposes such as forensics, animal or food testing, and pharmaceutical process control. QIAGEN's assay technologies include what is considered to be the broadest panel of molecular diagnostic tests available worldwide. This panel includes the only FDA-approved test for human papillomavirus (HPV), the primary cause of cervical cancer. QIAGEN employs more than 2,800 people in more than 30 locations worldwide. Further information about QIAGEN can be found at http://www.qiagen.com/.
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