Quest Diagnostics 2013 Annual Report Download - page 120

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F- 48
21. SUBSEQUENT EVENTS
On January 22, 2014, the Company announced that it has entered into a definitive agreement under which it will
acquire Solstas Lab Partners Group and its subsidiaries ("Solstas") for $570 million. Solstas is a full-service commercial
laboratory based in Greensboro, North Carolina. Solstas operates in nine states throughout the Southeastern United States,
including the Carolinas, Virginia, Tennessee, Georgia and Alabama. The Company expects to complete the acquisition in the
first half of 2014, subject to regulatory approval and customary closing conditions.
On January 30, 2014, the Company announced that its Board of Directors authorized an increase in the quarterly cash
dividend for the first quarter of 2014 from $0.30 per common share to $0.33 per common share, representing a 10% increase in
the dividend rate.
QUEST DIAGNOSTICS INCORPORATED AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – CONTINUED
(in millions unless otherwise indicated)