FTC blocking Orchid purchase?

[Anonymous]

FTC is sending surveys to DNA testing labs to investigate bid rigging and anti-competitive activities of certain laboratories (can you guess which one(s)). This will probably delay and perhaps block LabCorp takeover of Orchid Cellmark. Why haven't these 2 companies reported this government action as they are required to by law (public reporting requirements by the SEC)? It appears highly unlikely that LabCorp will complete it's tender by June 15 if this is true. Are they negotiating with the FTC? Won't this merger create a monopoly for LabCorp in this domain? Has LabCorp been involved in hiring government officials involved in DNA testing in select states, perhaps as an effort to get business (smacks of old-fashioned cronyism, if it's true)? Why is teh California Attorney General's office involved in this FTC investigation? Lots of questions-- what are the answers?

 

[Anonymous]

FTC is sending surveys to DNA testing labs to investigate bid rigging and anti-competitive activities of certain laboratories (can you guess which one(s)). This will probably delay and perhaps block LabCorp takeover of Orchid Cellmark. Why haven't these 2 companies reported this government action as they are required to by law (public reporting requirements by the SEC)? It appears highly unlikely that LabCorp will complete it's tender by June 15 if this is true. Are they negotiating with the FTC? Won't this merger create a monopoly for LabCorp in this domain? Has LabCorp been involved in hiring government officials involved in DNA testing in select states, perhaps as an effort to get business (smacks of old-fashioned cronyism, if it's true)? Why is teh California Attorney General's office involved in this FTC investigation? Lots of questions-- what are the answers?

The FTC tried the same thing when LabCorp bought Westcliff labs...that failed miserably for the FTC. I guess LabCorp greased enough palms to let the deal go through.
Never seems to work on the side of fair, just who is more evil and has deeper pockets.

 

[Anonymous]

FTC is sending surveys to DNA testing labs to investigate bid rigging and anti-competitive activities of certain laboratories (can you guess which one(s)). This will probably delay and perhaps block LabCorp takeover of Orchid Cellmark. Why haven't these 2 companies reported this government action as they are required to by law (public reporting requirements by the SEC)? It appears highly unlikely that LabCorp will complete it's tender by June 15 if this is true. Are they negotiating with the FTC? Won't this merger create a monopoly for LabCorp in this domain? Has LabCorp been involved in hiring government officials involved in DNA testing in select states, perhaps as an effort to get business (smacks of old-fashioned cronyism, if it's true)? Why is teh California Attorney General's office involved in this FTC investigation? Lots of questions-- what are the answers?

The silence on this is deafening.

 

[Anonymous]

Yeah, no big blowhards care to chime in this? Shocker.

 

[Anonymous]

FTC is sending surveys to DNA testing labs to investigate bid rigging and anti-competitive activities of certain laboratories (can you guess which one(s)). This will probably delay and perhaps block LabCorp takeover of Orchid Cellmark. Why haven't these 2 companies reported this government action as they are required to by law (public reporting requirements by the SEC)? It appears highly unlikely that LabCorp will complete it's tender by June 15 if this is true. Are they negotiating with the FTC? Won't this merger create a monopoly for LabCorp in this domain? Has LabCorp been involved in hiring government officials involved in DNA testing in select states, perhaps as an effort to get business (smacks of old-fashioned cronyism, if it's true)? Why is teh California Attorney General's office involved in this FTC investigation? Lots of questions-- what are the answers?

Tender offer expired at 6 PM tonight. Not a word from LH or ORCH? Did it complete? What about the FTC? If this combo of companies goes through, then LabCorp will control about 99% of the paternity DNA testing industry in the US... an OBVIOUS monopoly. FTC-- where are you?????????

 

[Anonymous]

Tender offer expired at 6 PM tonight. Not a word from LH or ORCH? Did it complete? What about the FTC? If this combo of companies goes through, then LabCorp will control about 99% of the paternity DNA testing industry in the US... an OBVIOUS monopoly. FTC-- where are you?????????

Tender offer extended again. This offer ain't gonna see the light of day. Short sellers, where are you? FTC, where are you? Indignant shareholders of ORCH, where are you?

 

[Anonymous]

Tender offer extended again. This offer ain't gonna see the light of day. Short sellers, where are you? FTC, where are you? Indignant shareholders of ORCH, where are you?

Tender offer expires on July 15-- was that the third or fourth extension by LC? This isn't Westcliff, so the odds of the FTC blocking are probably much higher. We'll know more next week when LC extends again-- FTC moves slowly, especially in the summertime.

 

[Anonymous]

FTC is sending surveys to DNA testing labs to investigate bid rigging and anti-competitive activities of certain laboratories (can you guess which one(s)). This will probably delay and perhaps block LabCorp takeover of Orchid Cellmark. Why haven't these 2 companies reported this government action as they are required to by law (public reporting requirements by the SEC)? It appears highly unlikely that LabCorp will complete it's tender by June 15 if this is true. Are they negotiating with the FTC? Won't this merger create a monopoly for LabCorp in this domain? Has LabCorp been involved in hiring government officials involved in DNA testing in select states, perhaps as an effort to get business (smacks of old-fashioned cronyism, if it's true)? Why is teh California Attorney General's office involved in this FTC investigation? Lots of questions-- what are the answers?

This deal is dead. LabCorp is too proud to admit this, so they will keep extending from here to eternity. Further, extending damages Orchid because they think the deal will consummate, so they will diminish and LabCorp will see this competitor shrink.

 

[Anonymous]

This deal is dead. LabCorp is too proud to admit this, so they will keep extending from here to eternity. Further, extending damages Orchid because they think the deal will consummate, so they will diminish and LabCorp will see this competitor shrink.

You're right. FTC nowhere near finishing this, and when they do, they will vote against it. On Aug 15 at 8:30 AM, LabCorp and Orchid will AGAIN announce that the tender offer is being extended for another month-- let's see if I can PREDICT THE FUTURE!