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BARBARA MURPHY

BioSource Announces Plans for 2 Acquisitions

November 10, 1998|BARBARA MURPHY

BioSource International in Camarillo announced two acquisitions. It has signed a letter of intent to acquire all the stock of Quality Controlled Biochemicals of Hopkinton, Mass., and a letter of intent to acquire the assets of Biofluids Inc., in Rockville, Md.

The company, which makes test kits for scientific research, will finance both acquisitions by using $4 million of existing cash and borrowing about $13 million.

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