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Inverness Strikes Again

Waltham, MA-based Inverness Medical Innovations (AMEX: [[ticker:IMA]]) has agreed to pay $170 million in stock for BBI Holdings, a UK company that specializes in lateral-flow tests, such as those used for fertility monitoring or pregnancy tests. Inverness has been on buying spree, which appears likely to continue.

Author Malorye AllisonPosted on December 11, 2007December 11, 2007

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