BURLINGTON, N.C. – LabCorp (NYSE: LH) has extended its $85.4 million buyout offer for DNA testing firm Orchid Cellmark (Nasdaq:ORCH) – again.
The new deadline is July 15.
The latest extension was supposed to expire on June 15.
LabCorp has extended the offer after receiving a request for more information from the Federal Trade Commission.
“LabCorp is continuing to cooperate with the FTC’s request for additional information and is consequently further extending the expiration of the tender offer,” the company said about the latest extension.
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