Alan Finkel, Chief Executive Officer of Axon Instruments, will become vice president and Chief Technology Officer of Molecular Devices, and Geoffrey Powell will retire as president of Axon once Molecular Devices' agreement to acquire Axon, announced March 21, is finalized. The transaction, in which Molecular Devices of Sunnyvale, Calif., is slated to acquire Axon, of Union City, Calif., and Melbourne, Australia for $140 million in cash and stock, is expected to close in early June, according to Molecular Devices.
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