Quidel Corporation and Ortho Clinical Diagnostics Combine to Form QuidelOrtho
May 27, 2022
Quidel Corporation completed its transaction with Ortho Clinical Diagnostics Holdings plc to create QuidelOrtho Corporation, a combined in vitro diagnostics company that will trade under the ticker QDEL. The new company is headquartered in San Diego, generated more than $3.5 billion in combined 2021 revenues, and has approximately 6,000 employees; former Ortho shareholders received $7.14 in cash plus 0.1055 shares of QuidelOrtho per Ortho share.
- Buyers
- Quidel Corporation
- Targets
- Ortho Clinical Diagnostics Holdings plc
- Sellers
- Former Ortho Clinical Diagnostics shareholders
- Industry
- Medical Devices
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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