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CombiMatrix Rebuffed, Hyseq Remains in Favor in Bid for Variagenics

NEW YORK, Jan. 21 - Hyseq's bid to buy Variagenics is still a go after the attention of another suitor was rebuffed, Variagenics said today.

 

CombiMatrix, owned by Acacia Research Corporation, made an unsolicited merger bid for Variagenics, the company said. The proposal included a stock-for-stock merger.

 

Variagenics board of directors voted down the proposal and reaffirmed their intention of merging with Hyseq, according to the company.

 

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