BioLife Solutions will issue more than 6.6 million shares to acquire Ohio University-affiliated Stirling Ultracold in an all-stock transaction.
Stirling Ultracold, a US-based manufacturer of ultra-low temperature mechanical freezers linked to Ohio University, has agreed to an acquisition by bioproduction products and services supplier BioLife Solutions.
BioLife will issue just over 6,64 million shares, implying a price of approximately $25m paid for Stirling at the former’s current stock price of $37.71.
The deal is expected to close in the second quarter of the year. Following the acquisition, Stirling Ultracold will continue to operate as a separate brand…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
