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Beckman Coulter Announces Third Quarter 2007 Results
Date:10/30/2007

applicable state laws and requested Cardbeck to pay this assessment.

At June 30, 2007, the company recorded an accrual of $2.4 million

($1.6 million sales tax and $.8 million in interest) for the

anticipated amount of the settlement, which was paid in the third

quarter 2007.

h) Biosite Break-Up Fee -- On May 17, 2007 the merger agreement to acquire

Biosite, Inc. was terminated by Biosite in accordance with its terms.

Pursuant to the terms of the agreement, Biosite paid the company a

break up fee of $54 million. The company recorded a gain of $40.6

million (net of associated expenses of $13.4 million) in other

non-operating income during the second quarter.

i) Investigation Charges -- During the second quarter 2006, the Audit and

Finance Committee of the company's Board of Directors oversaw an

investigation of claims made by a former employee. This individual

alleged that his recent termination, as part of the company's

restructuring, was the result of certain accounting issues he brought

to the attention of his supervisor. The Audit and Finance Committee

retained outside counsel and an independent accounting firm to assist

in the investigation and concluded that the allegations were not

substantiated and that the company's financial statements and

disclosures did not require revision. Approximately $2.9 million in

legal, consulting and independent accounting firm fees were incurred

during the second quarter of 2006 in connection with this

investigation.

j) Applera -- In April, 2006, a settlement was reached in a legal dispute

with Applera Corporation whereby the parties granted royalty-bearing

licenses to each other for certain patents. Applera's Applied

Biosystems Group made a $35.0 million special payment to the company.


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SOURCE Beckman Coulter, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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