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PerSeptive Biosystems

This article was originally published in The Gray Sheet

Executive Summary

Finalizes deal to acquire Millipore's BioSearch Division ("The Gray Sheet" July 11, In Brief). PerSeptive will pay approximately $1.2 mil. in cash and 4,000 shares of non-voting redeemable preferred stock. The stock is redeemable in four annual installments for $10 mil. in cash or Perseptive common stock. PerSeptive says the acquisition "provides to PerSeptive a set of proprietary instruments and reagents in the synthesis field that strongly complements our Own products in purification and analysis of biomolecules"



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