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Genzyme to purchase rest of IG Laboratories

Genzyme's takeover of IG Laboratories has been approved by IG Labs' independent shareholders some seven months after Genzyme first proposed to buy the remaining shares in a stock swap (see Clinica No 642, p 14). Genzyme already owns around 70% of IG Labs whose shareholders will receive 0.1201 Genzyme General Division stock or around $7 for each IG Labs share held.

Genzyme's takeover of IG Laboratories has been approved by IG Labs' independent shareholders some seven months after Genzyme first proposed to buy the remaining shares in a stock swap (see Clinica No 642, p 14). Genzyme already owns around 70% of IG Labs whose shareholders will receive 0.1201 Genzyme General Division stock or around $7 for each IG Labs share held.

Genzyme will integrate the operations of IG Labs into the diagnostic services unit of its general division. IG Labs will...

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