LabCorp. (LH) agrees to acquire forensic and clinical laboratory Medtox Scientific (MTOX) for...

|By:, SA News Editor

LabCorp. (LH) agrees to acquire forensic and clinical laboratory Medtox Scientific (MTOX) for $241M, with the $27/share offer representing a 37% premium over the latter's closing price of $19.70 on Friday. The acquisition comes as LabCorp. expands its Toxicology Center of Excellence.