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PerkinElmer (PE) will make the largest transaction in its history. The company has entered into an agreement to acquire BioLegend, a global provider of life science antibodies and reagents, in a deal worth approximately $5.25 billion.
The deal is expected to close in the third quarter of this year. The combined company will generate immediate revenue synergies that are expected to reach $100 million annually by the fifth year following the closing. No significant cost synergies are planned, a press release stated.
BioLegend provides antibodies and reagents to academic and biopharmaceutical customers in cytometry, proteogenomics, multiplex assays, recombinant proteins, and other areas. Upon joining PE, BioLegend will expand…READ MORE