Shares of Brady Corporation (BRC) started 2013 on a strong note. The manufacturer of identification solutions and specialty materials announced the acquisition of Precious Dynamics Corporation at the start of the trading week.
The Deal
Brady Corporation announced that it has agreed to acquire Precious Dynamics Corporation in a $300 million all-cash deal. PDC is a leader in identification products in the healthcare market, including patient wristbands, specialty labels and other identification systems. The company's products reduce medical errors by integrating patients data.
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