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Applied Biosystems (ABI) To Buy Ambion, Inc. Unit For $273 Million



12/27/2005 10:46:46 AM

FOSTER CITY, Calif. & AUSTIN, Texas--(BUSINESS WIRE)--Dec. 27, 2005--Applied Biosystems Group (NYSE:ABI), an Applera Corporation business, and Ambion, Inc. today announced they have signed a definitive agreement whereby Applied Biosystems will acquire the Research Products Division of Ambion, a premium supplier of RNA-based reagents for life science research and drug development, for approximately $273 million in cash. The transaction is subject to regulatory and other customary closing conditions and is expected to close in the first calendar quarter of 2006.

Read at Reuters
Read at BioSpace.com


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