East Hills-based Pall Corp. to buy Mass.-based Whatman HemaSure
Long Island Business News, Dec 27, 2002 by Ben Abelson
Filter maker Pall Corp. (NYSE: PLL) Dec. 23 said it signed a deal to buy the assets of rival Whatman HemaSure Inc., a wholly owned subsidiary of Whatman plc, for $5.95 million.
The deal for the assets of Marlborough, Mass.-based Whatman is expected to close in January, Pall said.
The two companies Dec. 23 also said they agreed to settle all disputes between them regarding Pall's patents for leukodepleting filters and systems and the Whatman HemaSure LeukoNet and r\LS series of filters.
Under the terms of stipulations, Pall said Whatman acknowledged the validity and enforceability of the patent claims.
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Pall at the same time consented to dismiss all patent-related claims against the Whatman companies.
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