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US-BASED CYTYC TAKES 13.5% STAKE IN AUSTRALIA'S VISION SYSTEMS.

AsiaPulse News

| October 02, 2006 | COPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Oct 2 Asia Pulse - Predator Cytyc Corp has taken a 13.5 per cent stake in takeover target Vision Systems Ltd (ASX:VSL), according to a substantial shareholder notice filed with the Australian Stock Exchange today.

Last week, Cytyc's rivals for Vision, Ventana Medical Systems Inc, filed a notice saying it had 12 per cent of the Australian medical technology firm.

Cytyc last month made an offer for Vision of $A2.35 per share valuing Vision at $A497 million ($US369.84 million).

The offer had trumped an earlier merger deal between Ventana and Vision under which Ventana would have paid $A2.13 per ...

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Source: HighBeam Research, US-BASED CYTYC TAKES 13.5% STAKE IN AUSTRALIA'S VISION SYSTEMS.

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