July 25, 2007 – LAWFUEL – The Legal Newswire – Clifford Chance US LLP is representing Siemens Corporation in connection with its merger agreement, announced today, with Dade Behring Holdings, Inc. Under the terms of the merger agreement, Siemens is offering to acquire Dade Behring for an aggregate all-cash consideration of approximately US$7 billion. Dade Behring, whose corporate headquarters are located in Deerfield, Illinois, engages in the development, manufacture, and sale of clinical diagnostic instruments, reagents, and consumable supplies and services to clinical laboratories. It primarily focuses on the areas of chemistry/immunochemistry, hemostasis, microbiology, and infectious diseases. It operates in 35 countries and has approximately 25,000 customers. Dade Behring’s shares are traded on the Nasdaq Global Select Market. Consummation of the acquisition is subject to customary conditions.
The Clifford Chance team is being led by M&A partner, John Healy, and includes attorneys from the firm’s tax, benefits, real estate, environmental and antitrust practices.