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Ortho Clinical Diagnostics Holdings plc Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ortho Clinical Diagnostics Holdings plc (“Ortho” or the “Company”) (NASDAQ: OCDX), in connection with the proposed acquisition of the Company by Quidel Corporation (“Quidel”) (NASDAQ: QDEL).  Under the terms of the merger agreement, the Company’s shareholders will receive $7.14 in cash and 0.1055 shares of common stock in the combined company for each Ortho common share they own, representing implied per-share merger consideration of approximately $24.68 based upon Quidel’s December 22, 2021 closing price of $166.24.  Upon completion of the transaction, Ortho shareholders are expected to own approximately38% of the combined company.  The transaction is valued at approximately $6.0 billion.

WeissLaw LLP is investigating whether (i) Ortho’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Ortho’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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