Updated on 23 August 2013
Life Technologies and Thermo Fisher Scientific are ready to merge businesses
Singapore: Global technology firm, Life Technologies has gathered its stockholders' confidence to adopt the previously announced merger agreement with Thermo Fisher Scientific.
"The approval represents a significant milestone and brings us one step closer to joining Thermo Fisher," said Mr Gregory T Lucier, chairman and chief executive officer of Life Technologies.
He also added, "I want to thank all of our stockholders for their support, which is a testament to the tremendous advantages and opportunities that this transaction provides to stakeholders of both companies. We look forward to joining together with Thermo Fisher in order to accelerate innovation for our customers and achieve greater success in a highly competitive global industry."
As previously announced on April 15, 2013, the board of directors of Life Technologies approved a definitive agreement under which Thermo Fisher will acquire Life Technologies for $76.00 per share in cash, subject to potential increase in certain circumstances if the merger does not close by January 14, 2014, as described in the definitive proxy statement relating to the merger. The transaction is expected to close early in 2014.