Japanese company to buy O.C. genetics firm in a deal worth $1 billion
Date: July 6, 2017
Source: Orange County Register By HANNAH MADANS
Tokyo-based digital technology company Konica Minolta will purchase Aliso Viejo-based Ambry Genetics Corp. in a deal valued at up to $1 billion, the companies announced Thursday.
Konica Minolta will pay $800 million when the deal closes and up $200 million more will be paid “based on certain financial metrics over the next two years.” The transaction, which is subject to regulatory approval, is expected to close in the third quarter.
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