Two years after acquisition, MXX is back in the black

Digesting acquisitions can be a slow process - 18-24 months seems about average - and International Murex Technologies Corp. appears to have just about completed the task of digesting its February 1992 acquisition of Wellcome Diagnostics.

Year-end results for the Norcross, Ga.-based diagnostics company put it in the black for the first time since the acquisition, with net income of $2.7 million (16 cents per share) versus a loss of $17.6 million ($1.17) in 1992, despite adverse movements in exchange rates. ...