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Charles River Calls Off Merger with Wuxi PharmaTech

publication date: Jul 30, 2010
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The proposed merger between Charles River Laboratories and WuXi PharmaTech has been canceled. Citing investor concerns about uncertainties surrounding the deal, Charles River has officially withdrawn its $21.25 cash and stock offer for all of WuXi’s shares. The large American firm must now pay its China counterpart a $30 million breakup fee. More details....

Stock Symbols: (NYSE: CRL) (NYSE: WX)

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