Paul Hastings Advises SD Biosensor and SJL Partners on $1.53B Acquisition of Meridian Bioscience
New York and Seoul – Paul Hastings LLP, a leading global law firm, announced today that the firm advised SD Biosensor and SJL Partners on a definitive merger agreement to acquire Meridian Bioscience, Inc., a leading global provider of diagnostic testing solutions and life science raw materials. Under the terms of the agreement, a newly formed affiliate of the consortium of SD Biosensor and SJL Partners will acquire Meridian in an all-cash transaction valued at approximately $1.53 billion.
The transaction is expected to close in the fourth quarter of 2022, subject to approval by Meridian shareholders, receipt of required regulatory approvals, the absence of specified materially adverse outcomes of Meridian's previously disclosed and ongoing investigation by the U.S. Department of Justice, and other customary closing conditions.
Additional advice was provided by partners Nathan Sheers, Peter Lindsay, and Charles Patricia, of counsel Jennifer Riddle and associate Jesselyn Pe (Regulatory and Enforcement); partners Michael Wise and Camille Paulhac, and associates Juliette Hua, and Mary Walser (Antitrust); partner Michael Haun and of counsel Amy Lawrence (Tax); partner Eric Keller and associate Bill McCue (Employee Benefits); partner Todd Schneider and associates Laura Yip and April White (IP); partner Holly Snow and associate Gabriella Pan (Finance); partners Bradley Ritter and Thomas Mounteer (Real Estate); associates David Coogan and Veronica Canton (Privacy and Data Security); of counsel Randall Johnston, and associates Talya Hutchison, Ryan Poitras, and Rachel Miller (Global Trade Controls).
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