Applied Biosystems, Invitrogen Merge In $6.7B Deal
Foster City-based Applera Corporation and Southern California firm Invitrogen said today that Applera's Applied Biosystems Group will merge with Invitrogen a $6.7B, cash and stock merger. The companies said that Invitrogen will pay $38 per share in cash and stock for all of the outstanding shares of Applera's Applied Biosystems Group. According to the firms, the merged firm will be renamed Applied Biosystems, Inc. and will have corporate headquarters in Carlsbad, California. Invitrogen is being advised by Moelis & Company, UBS Investment Bank, and DLA Piper US LLP in the deal; Applera is being advised by Morgan Stanley and Greenhill & Co., as well as Skadden, Arps, Slate, Meagher & Flom LLP.
posted on Thursday, June 12, 2008
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