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Alere increases private placement to $400M

Fri, 09/17/2010 - 5:31am
Mass High Tech: The Journal of New England Technology

Waltham life sciences firm Alere Inc. has increased its planned private placement of senior subordinated notes to $400 million. Earlier this week, the company formerly known as Inverness Medical Innovations Inc. announced the plan for a $350 million private placement.

According to Alere (NYSE: ALR) officials, the net proceeds from the offering will be used for working capital and general corporate purposes.

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