SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 17, 2000
Neogen Corporation
(Exact name of registrant as specified in its charter)
Michigan 0-17988 38-2367843
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
620 Lesher Place, Lansing, Michigan 48912
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (517) 372-9200
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(Former name or former address, if changed since last report.)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On February 17, 2000, Neogen Corporation purchased 100% of the common stock
of Acumedia Manufacturers, Inc., with principal offices in Baltimore,
Maryland. Acumedia, an internationally recognized producer of culture medias,
was a wholly owned subsidiary of IDEXX Laboratories, Inc. There is no
relationship between IDEXX and Neogen or any of their affiliates.
The consideration for the sale, which was determined through arms length
negotiations, subject to certain post closing adjustments, was $2,850,000,
which included cash at the closing of $2,400,000 and a one year 7% promissory
note of $450,000, and up to an additional $1,000,000 based on levels of post
closing revenues. The source of cash consideration was available Neogen cash
balances.
Neogen intends to continue to operate the business at its present location.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) (1) and (b) (1) Financial Statements of the business acquired and any
proforma financial statements of the business acquired will be filed within
60 days of March 2, 2000.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Neogen Corporation
(Registrant)
Date: March 2, 2000 By: s/ Richard R. Current
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Richard R. Current
Vice President and CFO
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