Charles River Labs to buy research firm for about $585 million

January 7, 2016 12:28 PM

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Charles River Laboratories International Inc said it would buy privately held WIL Research for about $585 million in cash to enhance its contract research business and expand in continental Europe.

The purchase of the Ashland, Ohio-based firm will add at least 20 cents per share to adjusted earnings in 2016, and 45 to 50 cents per share in 2017, Charles River said.

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