Thermo Fisher completes Affymetrix acquisition

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  • Published: Apr 5, 2016
  • Author: Jon Evans
  • Source: Thermo Fisher Scientific
  • Suppliers: Thermo Fisher Scientific
  • Channels: Ion Chromatography / Proteomics & Genomics / Electrophoresis / Laboratory Informatics / HPLC / Sample Preparation / Gas Chromatography / Detectors / Base Peak / Chemometrics & Informatics / MRI Spectroscopy / UV/Vis Spectroscopy / Atomic / Infrared Spectroscopy / X-ray Spectrometry / Proteomics / NMR Knowledge Base / Raman

Thermo Fisher Scientific has completed its previously announced acquisition of Affymetrix for $1.3 billion (see Thermo Fisher to acquire Affymetrix). Completion of the transaction followed approval of the merger agreement by Affymetrix stockholders at a special meeting. On 22 March 2016, Affymetrix received a rival merger proposal from a company called Origin Technologies Corporation, set up by former Affymetrix executives, but Affymetrix’s stockholders decided to go with the Thermo Fisher offer.

“We are pleased to announce the completion of this transaction and officially welcome the Affymetrix team to Thermo Fisher,” said Marc Casper, president and chief executive officer of Thermo Fisher Scientific. “This is a great outcome for both companies. With Affymetrix, we now have an expanded antibody portfolio to strengthen our leadership in biosciences, as well as new genetic analysis capabilities to better serve clinical and applied markets. Our combined capabilities will benefit our customers, employees and shareholders, and we are excited to move forward as one organization positioned for growth. Since first announcing our agreement back in January, the integration planning has been progressing well and we look forward to creating value through the strategic and financial benefits of the transaction.”

“This transaction creates significant value for our stockholders and will provide important benefits to our customers and employees,” said Frank Witney, president and chief executive officer of Affymetrix. “I want to thank all of our stakeholders, including our dedicated employees, for their contributions to the company’s success and their support throughout this process. We believe Affymetrix will be positioned for long-term success as part of Thermo Fisher.”

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