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GSI Lumonics Finalizes Sale of Life Sciences Unit

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KANATA, Ontario, Oct. 4 -- Packard BioScience Co. has completed the previously announced acquisition of GSI Lumonics Inc.'s Life Sciences business. Packard paid $40 million in cash in addition to 4.6 million shares of its common stock (with an adjustment to be based on net assets acquired). Packard BioScience is located in Meriden, Conn.

Photonics.com
Oct 2000
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