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Monday, June 4, 2012

NASDAQ Morning Leader: MEDTOX Scientific (Nasdaq:MTOX) Moves on Merger News

New York, NY - June 4, 2012 (www.Investorideas.com Newswire) Investorideas.com, a leader in sector research for independent investors issues a trading alert for MEDTOX Scientific, Inc. (Nasdaq:MTOX), gaining $7.00 or (35.53%) to trade at $26.70, with a morning high of $26.88 on merger news.
MEDTOX Scientific (Nasdaq:MTOX), reported today that it had entered into a definitive merger agreement with Laboratory Corporation of America(R) Holdings (NYSE:LH). Under the terms of the agreement, LabCorp would acquire MEDTOX for a purchase price of $27.00 per share in cash, representing a total enterprise value of approximately $241,000,000.
Investorideas.com Newswire MEDTOX Scientific, Inc., headquartered in St. Paul, Minn., is a provider of high quality specialized laboratory testing services and on-site/point-of-collection testing (POCT) devices. The Company also supports customers with complete logistics, data and program management services. MEDTOX is a leader in providing esoteric laboratory testing services to hospitals and laboratories nationwide. This includes both central laboratory and bio-analytical testing for pharmaceutical clinical trials. MEDTOX develops and manufactures diagnostic devices for quick and economical on-site/point-of-collection analysis for drugs-of-abuse and therapeutic drugs, and provides employment drug screening and occupational health testing. For more information see www.medtox.com.
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