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Orchid Cellmark (Nasdaq: ORCH) $2.01 and Laboratory Corporation of America Holdings (NYSE: LH), Today announced that they have entered into a definitive agreement and plan of merger under which LabCorp will acquire all of the outstanding shares of Orchid Cellmark in a cash tender offer for $2.80 per share for a total purchase price to stockholders and optionholders of approximately $85.4 million. Orchid Cellmark strengthens LabCorp’s presence and strong brand name in identity testing in the US and establishes its presence in identity testing in the UK.
What They Do: Laboratory Corporation of America is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing.
Capstone Turbine (Nasdaq: CPST) $2.01. Today announced it has signed an OEM agreement with Sustainable Environmental Technologies (OTCBB: SETS). Capstone has received its first order from SET Corp and will supply microturbines and accessories used in the manufacture of SET Corp's high efficiency MultiGen cooling, heating, power and water generation systems. Additionally, SET Corp will leverage Capstone's extensive distributor network for sales support and after sale service.
"Our agreement with Capstone opens the door for us to access their vast network of distributors and customers for our MultiGen combined cooling, heating and power (CCHP) plus water generation systems, or CCHP +H20 as we call it," said Bob Glaser, SET Corp CEO. "We believe adding Capstone's distribution network to our existing distribution network with World Environmental Solutions Pty Ltd. significantly strengthens our presence globally."
What They Do: Capstone Turbine Corporation is the world's leading producer of low-emission Micro Turbine systems, and was the first to market commercially viable Micro Turbine energy products.
NCI, Inc. (Nasdaq: NCIT) $24.32. Today announced today that the Company has been awarded the Department of Justice (DOJ) Information Technology Support Services-4 (ITSS-4) Multiple Agency Contract (MAC). The ITSS-4 contract has a ceiling value of $1.1 billion with a projected contract term for placing orders covering a seven-year period – a base period through September 30, 2011 and 6 one-year option periods. The ITSS-4 contract is an Indefinite Delivery/Indefinite Quantity (IDIQ) multiple award contract vehicle that may be utilized by any DOJ component (e.g., Office, Bureau, or Division), as well as non-DOJ Federal agencies. NCI is one of 20 awardees on the ITSS-4 contract.
What They Do: NCI is a leading provider of information technology (IT), engineering, logistics, and professional services and solutions to U.S. Federal Government agencies.
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