Volume 94 Issue 14 | p. 10 | News of The Week
Issue Date: April 4, 2016 | Web Date: March 29, 2016

Thermo Fisher wins contest for Affymetrix

Former employees withdraw $1.6 billion bid for gene analysis firm
Department: Business
News Channels: Analytical SCENE
Keywords: genomics, acquisition, genetic analysis, private equity

After delaying a shareholder vote by one week so it could consider a $1.6 billion acquisition bid from former employees, the genetic analysis firm Affymetrix says an earlier $1.3 billion offer from Thermo Fisher Scientific is the better deal.

Following the rejection, the former employees have withdrawn their bid, all but assuring Thermo Fisher will get . . .

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