Late last month, life sciences company Monogram Biosciences (MGRM) announced that it will be acquired by clinical laboratory firm Laboratory Corp. of America Holdings (LH) for $106.7 million, or a total enterprise value of approximately $155 million at the end of March 31. The acquisition is expected to close in the third quarter of 2009.

As per terms of the agreement, LabCorp's acquisition subsidiary Mastiff Acquisition Corp. has commenced a tender offer to purchase all outstanding shares of Monogram Biosciences for $4.55 per share in cash, without interest. Following completion of the tender offer, Mastiff and Monogram are expected to merge. The non-purchased shares will be converted into rights to receive equivalent cash value as in the tender offer.

Monogram is committed to advancing personalized medicine and improving patient outcomes through the development of innovative products that guide and target the most appropriate treatments. We are optimistic

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Several months ago, Axial Vector Energy Corp. announced that it has formed a wholly-owned subsidiary, AVEC Strategic Acquisitions Corp. The new company will be led by Mr. Sanjai Chhaunker, President and CEO of Axial Vector. He will be working alongside Mr. Behzad Khakouei, Director of Strategic planning.

Mr. Chhaunker, stated, “Our strategic plan calls for acquiring businesses that complement our core technology and allow our revenue stream to grow more rapidly. With the proper structure and financing now in place, we will proceed to finalize our discussions on companies that we have researched and identified as strategic to our plans.”

“Now that we have our new CEO and the subsequent establishment of AVEC’s new subsidiary, we are now in a position to execute the deals that will propel AVEC to the forefront of clean, efficient energy suppliers,” commented Mr. Khakouei.

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