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Invitrogen Says Molecular Probes Acquisition to Close This Week

NEW YORK, Aug. 19 (GenomeWeb News) -Invitrogen said today it has received regulatory approval for its $325 million cash acquisition of Molecular Probes, and expects the acquisition to close this week.

 

The Carlsbad, Calif.-based company also said that it expects the acquisition to add to its earnings for 2003.

 

Invitrogen first announced the pending acquisition of privately-held Molecular Probes on July 2  The acquisition brings together Invitrogen, a genomic research reagents, software and service provider with the 28-year-old Eugene, Ore., provider of fluorescence-based technologies.

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