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News Breaks
January 7, 2013
17:10 EDTCRLCharles River Labs acquisition of Vital seen accretive to 2013 EPS
Charles River acquired the 75% ownership of Vital River for approximately $27M, subject to certain post-closing working capital adjustments. The transaction is expected to add more than 1% to 2013 total net sales and be slightly accretive to 2013 EPS.
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November 18, 2015
16:19 EDTCRLCharles River acquires Oncotest GmbH for EUR34M
Charles River has acquired Oncotest GmbH, a Freiburg, Germany-based contract research organization providing discovery services for oncology. Oncotest offers an integrated portfolio of target discovery and validation services for preclinical oncology researchers, specializing in in vivo pharmacology services. The purchase price was approximately EUR34M in cash, approximately $36M at current exchange rates. The transaction includes a potential additional payment of EUR2M based on future performance. The purchase price implies a multiple of approximately 11x adjusted EBITDA based on the trailing twelve months ended September 2015. The acquisition will have a negligible impact on Charles River's consolidated revenue and non-GAAP EPS in Q4. In 2016, Oncotest is expected to represent approximately 1% of Charles River's consolidated revenue and be neutral to slightly accretive to non-GAAP EPS.

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