BOSTON,
July 2, Mosaica Education, Inc. announced that it is acquiring
Boston-based Advantage Schools, Inc. The shareholders
of Advantage will receive Mosaica stock in exchange for the
assests of Advantage. Mosaica operates charter schools in
five states. Advantage opened its first two schools in September
of 1997. The combined company will have operations in nine
states and the District of Columbia. During the last school
year the two companies operated 25 charter schools that served
14,000 students.
HOLLISTON,
July 2, Harvard Bioscience, Inc. (Nasdaq:HBIO) announced
the acquisition of International Market Supply LTD (IMS).
Harvard Bioscience acquired all the outstanding stock of
IMS in exchange for approximately $1.4 million. Located
in Cheshire, IMS designs, manufactures, and markets anesthesia
and other respiration products. Harvard Bioscience expects
IMS to add approximately $500,000 in revenues in 2001, $1.5
to $2.0 million in 2002, and to be immediately accretive.
Harvard Bioscience is a global developer, manufacturer and
marketer of innovative, enabling tools in drug discovery
research at pharmaceutical and biotechnology companies,
universities and government laboratories.
BURLINGTON
& WALTHAM, July 3, Lernout & Hauspie Speech Products
NV (OTCBB:LHSPQ) announced that it has reached an agreement
to sell Mendez SA to Waltham-based Lionbridge Technologies
(Nasdaq:LIOX) for $27 million in cash. Mendez SA, a subsidiary
of Lernout & Hauspie, provides localization and language
translation services. The transaction, which is subject
to U.S. and Belgian bankruptcy court approvals, is expected
to close during the third quarter of 2001. Lionbridge will
obtain the financing for the acquisition by selling preferred
stock to a group of institutional investors led by the affiliates
of the Goldman Sachs Group, Inc.
WILMINGTON,
July 5, Charles River Laboratories Inc. (NYSE:CRL),
announced that it has entered into a definitive agreement
to acquire Genetic Models, Inc. (GMi). GMi, headquartered
in Indianapolis, offers proprietary and disease-specific
rat models used in biomedical research. Charles River will
pay $4 million in cash to acquire all of the stock of GMi.
GMi's 2000 revenues of approximately $2.5 million are forcasted
to grow nearly 50% in 2001. The acquisition is expected
to be nominally accretive to Charles River's earnings in
2001, and $0.01 next year. GMi's operations will be gradually
integrated into Charles River's global research model operations.
WESTWOOD,
July 9, 2001, divine, inc. (Nasdaq:DVIN) announced that
it has signed a definitive agreement to acquire RoweCom,
Inc. (Nasdaq:ROWE), a global provider of high-quality
service and e-commerce solutions for purchasing and managing
print and e-content knowledge resources. Founded in 1994,
RoweCom is based in Westwood, Mass. Chicago-based divine,
inc. provides community-facing enterprise solutions. The
agreement provides for a stock-for-stock exchange in which
RoweCom shareholders will receive .75 share of divine, inc.
Class A stock common stock for each outstanding share of
RoweCom. The acquisition would have an aggregate value of
approximately $14.0 million.
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