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#The Wall Street Journal: Bio-Rad and German-based biotech Qiagen weighing latest tie-up in medical-diagnostic market

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“The Wall Street Journal: Bio-Rad and German-based biotech Qiagen weighing latest tie-up in medical-diagnostic market”

The talks have been going on for a while, but any definitive M&A agreement isn’t likely for weeks— if it comes at all

Bio-Rad Laboratories Inc. is in talks to combine with fellow life-sciences company Qiagen NV in a deal that would be worth more than $10 billion, according to people familiar with the matter.

The talks have been going on for a while, but any agreement isn’t likely for another few weeks or more — and there may not be one.

Qiagen
QGEN,

+3.18%

QIA,
-4.30%
had a market value of nearly $10 billion as of Monday’s close. Bio-Rad’s
BIO,
-8.39%

BIO.B,
-11.80%
market value was $11.6 billion after its class A common shares fell 8.4% to $392.95 following the Wall Street Journal’s report on the deal talks.

A deal between Qiagen and Bio-Rad would be the latest tie-up in the medical-diagnostic market, which has grown as the pandemic helped increase demand for testing.

An expanded version of this report appears at WSJ.com.

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Miriam Gottfried Ben Dummett

mmett

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