SangStat Medical Surges on Merger News
Genzyme Corp. (GENZ ) agreed to acquire SangStat Medical Corp. (SANG ) in an all cash transaction valued at $22.50 per SANG share, or about $600 million. The transaction is expected to cause Genzyme's GAAP EPS to be lower due to amortization through 2004. SangStat shares jumped nearly 44% to $22.21 on the merger news.
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