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July 3, 2006 “Intelligence: Late Breaking Lab News”

Last Friday afternoon, it was announced that Siemens AG would acquire the diagnostics division of Bayer Healthcare. Siemens will pay $5.4 billion and the deal is expected to close in early 2007, subject to regulatory approval. Sales at Bayer Diagnostics totaled $1.8 billion in 2005. Bayer AG, the parent corporation, is currently in a battle …

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