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Illumina, Inc. (ILMN) Completes CyVera Corporation


10/19/2005 5:13:16 PM

SAN DIEGO--(BUSINESS WIRE)--April 11, 2005--Illumina, Inc. (NASDAQ:ILMN) announced today that it has completed its acquisition of CyVera Corporation, a Connecticut-based developer of digital microbead technology. The aggregate consideration for the transaction was $17.5 million, consisting of 1.6 million shares of Illumina common stock and $2.5 million cash, which includes payment of certain liabilities of CyVera. In addition, Illumina assumed the outstanding stock options of CyVera. CyVera is being operated as a wholly owned subsidiary of Illumina.

Read at BioSpace.com

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