secwatch.observer — SEC 8-K summary
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Issuer:     QuidelOrtho Corp (QDEL)
CIK:        0001906324
Form:       8-K12B
Filed at:   2022-05-27T23:59:59+00:00
Accession:  0001193125-22-161806
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.01, 3.03, 5.03, 4.01, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quidel and Ortho complete merger, forming QuidelOrtho; $2.75B term loan and $750M revolver closed
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- Ortho shareholders received 0.1055 QuidelOrtho shares + $7.14 cash per share; Quidel shareholders got 1 QuidelOrtho share per share.
- New $2.75B term loan and $750M revolver with Bank of America, maturing May 2027, used to fund cash consideration and repay Ortho debt.
- 12-member board appointed, with Douglas Bryant as Chairman & CEO; Carlyle holds >12% and appoints two directors.
- Quidel shares delisted; QuidelOrtho now trades on Nasdaq under symbol QDEL.
- Ernst & Young appointed as independent auditor for fiscal 2022, replacing prior auditors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1906324/000119312522161806/0001193125-22-161806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1906324/000119312522161806/d323352d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-161806

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