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): December 9 1998
BIOSOURCE INTERNATIONAL, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 000-21930 77-0340829
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
820 Flynn Road
Camarillo, California 93012
(Address of Principal Executive Offices)
(805) 987-0086
(Registrant's Telephone Number)
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ITEM 2: ACQUISITION OR DISPOSTION OF ASSETS.
On December 9, 1998, BioSource International, Inc. ("BioSource"), pursuant to a
stock purchase agreement, acquired one-hundred percent (100%) of the outstanding
capital stock of Quality Controlled Biochemicals, Inc. ("QCB"), a Massachusetts
corporation. QCB is a manufacturer of phosphoptides, phosphorylation
state-specific antibodies, custom peptides and antibodies for academic,
biotechnology and pharmaceutical research. BioSource paid approximately $13.5
million in cash to the stockholders of QCB for all of the outstanding capital
stock of QCB (the "QCB Stock"). BioSource financed the acquisition of the QCB
Stock by borrowing $13.0 million pursuant to a newly established credit facility
with Union Bank of California. The remaining $500,000 of the purchase price was
paid with cash held by the Company.
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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 hereunto duly authorized.
December 24, 1998 BIOSOURCE INTERNATIONAL, INC.
By: /S/ JAMES CHAMBERLAIN
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James Chamberlain
Chief Executive Officer
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EXHIBIT INDEX
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Exhibits Page Number
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(a) Financial Statements of QCB*
(b) Pro Forma Financial Information*
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* To be filed no later than February 6, 1998
