The acquisition will give LifeLabs access to CML's laboratory testing services across Ontario, expanding community lab testing services across the province.
CML shareholders are set to vote on the deal on Sept. 3. It is expected to close by the end of that month.
The boards of CML, LifeLabs and OMERS have all approved the deal.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.
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