Note 19 - Subsequent Events

9 Months Ended

Feb. 28, 2013

19.	SUBSEQUENT EVENT

LIFECODES Acquisition

On March 22, 2013, the Company paid $87.3 million to purchase the LIFECODES business from Gen-Probe Incorporated, a subsidiary of Hologic, Inc. The acquisition was funded by additional borrowings of $50.0 million of Term B-2 Loans under the terms of the Amended and Restated Amendment No. 2 to the Senior Credit Facilities and an equity investment of $42.5 million from the Parent. The incremental funding of $5.2 million was used for $3.7 million of transaction costs, including deferred financing costs, and to provide additional working capital. The final LIFECODES acquisition price may be impacted by certain working capital targets associated with the LIFECODES business as well as a potential earn-out totaling $10.0 million in cash if the business achieves certain financial targets in calendar 2013.