Dade Behring To Be Acquired By Siemans

Dade Behring Holdings Inc. (DADE) will be acquired by Siemans AG (SI) for approximately $7 billion. The clinical laboratory diagnostics company also reported higher second quarter earnings of 61 cents per share compared with 43 cents per share a year earlier that easily surpassed estimates as revenue grew. Shares of Dade Behring jumped $18.35 to close at $74.26 while Siemans stock plunged $7.86 to close at $136.70.