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Millipore unchanged, but Merrill evaluating
Millipore Corp. was retained by Merrill Lynch with a buy rating and $61 price target, following its second acquisitions announcement in as many days. On Thursday, the company announced its purchase of NovAseptic, a supplier of process control and monitoring products for biotech and pharmaceutical manufacturers, for $91 million in cash. On Wednesday, the company announced the purchase of Netherlands-based MicroSafe BV for $9.3 million. Millipore shares on Thursday rose 21 cents, or 0.36%, to close at $57.86 on volume of 645,200 shares versus the three-month running average of 438,966.
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