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AutoCyte, NeoPath merge in $101mm stock swap
17 Aug 1999
Executive Summary
Yielding what industry analysts deem to be around a 50% share of the US Pap smear market, cervical cell screening technology company AutoCyte will acquire automated Pap smear developer NeoPath in a stock swap valued at about $101mm, based on AutoCyte's $7.35 pre-announcement 10-day average trailing price. The price represents a (pr)46% premium to the $3.97 10-day trailing average for NeoPath common.
Deal Industry
- Biotechnology
-
In Vitro Diagnostics
- Cytology
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Stock
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AutoCyte, NeoPath merge in $101mm stock swap
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