Dade Behring is the latest target of takeover speculation in the medical-diagnostics field. The Wall Street Journal reported Wednesday that the Deerfield, Ill.-based company is evaluating the possibility, and may be close to a deal. People close to the situation say the company was sounding out prospective purchasers, including Siemens AG, which has been building up its diagnostics business since 2005. Siemens could finance the deal through the sale of its VDO auto-parts unit, which reportedly has received bids of more than €12B. from Continental AG and TRW Automotive Holdings (see full story). Spokesmen from Dade and Siemens didn't comment on the report. A deal, nevertheless, may not emerge, as the situation remained fluid, sources said. Earlier this month an $8.1B deal for General Electric to buy two diagnostic units of Abbott Labs fell apart because they couldn't agree on terms. Dade shares, which have jumped more than six-fold over the past five years, including 40% in 2007, fell 3.1% Tuesday before rising 0.7% AH to $56.27. Dade is scheduled to report second-quarter results today.
Sources: Wall Street Journal
Commentary: 20 Stocks Owned By Top Activist Funds • How to Invest Like Blue Ridge Capital's John Griffin
Stocks/ETFs to watch: Dade Behring Holdings Inc (DADE), Siemens AG (SI), General Electric Co. (NYSE:GE), Abbott Laboratories (NYSE:ABT)
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