Millipore buys full stake in India joint venture

AP News
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Posted: Nov 23, 2009 2:36 PM

Millipore Corp., a provider of equipment and services to the life sciences industry, said Monday it will buy the remaining stake in its joint venture in India, Millipore India Pvt. Ltd.

The company did not disclose terms for the buyout of the remaining 60 percent stake.

Millipore said the acquisition will have minimal impact on its 2009 profit and should be accretive in future years.

Shares of Millipore rose 42 cents to $68.15 in afternoon trading.