Miami-basedbiopharmaceutical and diagnostics company OPKO Health Inc. announced on June 4 a definitive merger agreement in which it will acquire Bio-Reference Laboratories Inc., an Elmwood Park-based provider of clinical laboratory testing services, in a stock swap transaction valued at $1.47 billion. OPKO offered 2.75 common shares per Bio-Reference share, valued at $52.58. The transaction is expected to be completed during the second half of this year.
$18.4M Sportech-NYX Gaming Sale
NYX Gaming Group Ltd. in London, a developer of gaming software solutions, acquired on May 28 the remaining 50 percent interest that it did not already own in New Jersey gaming and entertainment services provider Sportech-NYX Gaming LLCfrom its joint venture partner Sportech PLCfor $18.4 million. The consideration consisted of $8.03 million in cash, up to $2.41 million in profit-related payments, and the issuance of 2.2 million common shares, valued at $7.97 million.
