Quidel deal

QDEL signed a letter of intent to purchase the home testing fertility business of Clonatec S.A. of France, which consists of two pregnancy tests and one ovulation prediction product. Clonatec's home testing fertility business posted 10 million French francs in product sales in 1992. QDEL will issue 760,000 shares of common stock to purchase 75 percent of Clonatec. QDEL has an option buy the remaining 25 percent within two years. ...