Repligen to buy filtration company Spectrum for $359 million in cash and stock [MarketWatch]
Repligen Corporation (RGEN)
Last repligen corporation earnings: 2/20 07:30 am
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Source: MarketWatch
Repligen to buy filtration company Spectrum for $359 million in cash and stock Repligen Corp. RGEN, +0.10% announced Friday an agreement to buy privately-held filtration company Spectrum Inc. for about $359 million. Under terms of the deal, Repligen will pay $120 million in cash and 6.154 million shares of its stock, which represents about 18% of the shares outstanding. Repligen expects the deal to be completed during the third quarter of 2017, and add $17 million to $18 million to Repligen's 2017 revenue. The deal is expected to add to earnings in 2018. "This is a pivotal transaction for Repligen that meets all of our acquisition criteria and is a major step forward in building Repligen as a global leader in bioprocessing and achieving our long term financial goals," said Repligen Chief Executive Tony Hunt. The stock, which was still inactive in premarket trade, has rallied 30% year to date, while the S&P 500 SPX, -0.03% has gained 8.7%.
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RGEN
News
- Should be Confident in Repligen Corporation (RGEN)'s Long-Term Growth Potential? [Yahoo! Finance]Yahoo! Finance
- Danaher gains as Q1 results exceed expectations [Seeking Alpha]Seeking Alpha
- Repligen to Report First Quarter 2024 Financial ResultsGlobeNewswire
- Global Upstream Bioprocessing Market Projected to Reach $25 Billion by 2030 - Analysis by Product Type, Workflow, Usage Type, Mode, and Region [Yahoo! Finance]Yahoo! Finance
- Repligen Appoints Maggie A. Pax to Board of Directors [Yahoo! Finance]Yahoo! Finance
RGEN
Earnings
- 2/21/24 - In-Line
RGEN
Sec Filings
- 4/4/24 - Form 4
- 4/1/24 - Form ARS
- 4/1/24 - Form DEFA14A
- RGEN's page on the SEC website