Alere Inc. (NYSE: ALR), a global leader in enabling individuals to take charge of their health at home through the merger of rapid diagnostics and health management, announced today that on September 29, 2011, it has purchased an additional 5,443,771 shares of Axis-Shield stock, bringing its total current ownership position to 10,990,468 shares, or approximately 21.98%, of Axis-Shield's issued and outstanding ordinary share capital.
The additional shares were purchased at a price per share of 460 pence. On August 5, Alere announced an offer to acquire all of the issued and to be issued share capital of Axis-Shield, whose shares are traded on the main market of the London Stock Exchange and on the Oslo Bors, for 460 pence per share.
The complete announcement of the additional open market purchases was made through the Regulatory News Service of the London Stock Exchange pursuant to UK regulatory and legal requirements.
SOURCE Alere Inc.