Bio-Techne (TECH) to Acquire Asuragen for $215M Plus $105M Contingent Consideration
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Bio-Techne to Acquire Asuragen
March 3, 2021 4:45 PM ESTMINNEAPOLIS and AUSTIN, Texas, March 3, 2021 Â /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH), a global life sciences company providing innovative tools and bioactive reagents for the research and clinical diagnostic communities, today announced it has reached an agreement to acquire Asuragen, Inc. for initial consideration of $215 million in cash plus contingent consideration of up to $105 million upon the achievement of certain future milestones. Â The transaction will be financed through a combination of cash on hand and an existing revolving line of credit. Â Bio-Techne anticipates the acquisition to close in the fourth quarter of its... More
