Privately Held Eppendorf to Acquire All Outstanding Common Stock for $11.50 Per Share
Edison, New Jersey and Hamburg, Germany, July 11, 2007 — New Brunswick Scientific Co., Inc. (“NBS”) (Nasdaq: NBSC), and Eppendorf Group (“Eppendorf”) today announced that they have entered into a merger agreement whereby Eppendorf will acquire the outstanding common stock of NBS for $11.50 per share. Eppendorf has also agreed to settle all the outstanding stock options of NBS for cash. The total value of the transaction, including the settlement of the stock options, is approximately $110 million.
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