PerkinElmer (PKI) Declares $0.07 Quarterly Dividend; 0.2% Yield
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July 27, 2021 6:18 AM EDT
Stifel analyst Daniel Arias raised the price target on PerkinElmer (NYSE: PKI) to $175.00 (from $155.00) while maintaining a Buy rating.
The analyst commented, "Yesterday, PKI announced another acquisition (the company's 7th announced since Horizon in Nov '20 - though by far the... More
July 26, 2021 6:30 AM EDT
PerkinElmer (NYSE: PKI) announced it has entered into an agreement to acquire BioLegend, a leading, global provider of life science antibodies and reagents, for approximately $5.25 billion in a combination of cash and stock, subject to certain adjustments.
BioLegend provides its academic and biopharmaceutical customers with best-in-class antibodies and reagents in high-growth areas such as cytometry, proteogenomics, multiplex assays, recombinant proteins, magnetic cell separation and bioprocessing. The transaction will be the largest in PerkinElmers history and is expected to close by the end of the 2021 calendar year, subject to regulatory approvals and other customary... More
