Abbott Laboratories - Exact Sciences

Abbott Laboratories (Abbott), via its wholly owned subsidiary Badger Merger Sub I, Inc, proposes to acquired 100% of the shares in Exact Sciences Corporation (Exact Sciences) through an Agreement and Plan of Merger.

Abbott is a global healthcare company, headquartered in the US, active in the provision of diagnostics, medical devices, nutrition, and branded generic pharmaceuticals.

Exact Sciences is a US headquartered company active in the provision of advanced molecular diagnostics, specialising in cancer screening, precision oncology diagnostics, and genetic testing.

The parties both supply oncological diagnostic products in Australia.