Logo

BGI-Complete Genomics Deal Clears Last Regulatory Hurdle

Mar 12, 2013 | staff reporter

NEW YORK (GenomeWeb News) – The State Administration of Foreign Exchange of the People's Republic of China has approved BGI's proposed $118 million acquisition of Complete Genomics, the companies said today, setting the stage for the completion of the acquisition.

The deal has now received all necessary regulatory approvals, BGI and Complete said. The Ministry of Commerce of the People's Republic of China approved the deal a few weeks ago, and US regulators cleared the deal in January.

The cash tender offer for the deal has been extended several times and is now set to expire at 11:59 PM EDT, March 14.

Filed under

Clinical Sequencing
Sequencing
Business News
mergers & acquisitions
MGI Tech
BGI
Breaking News
The Scan

Genes Linked to White-Tailed Jackrabbits' Winter Coat Color Change

Climate change, the researchers noted in Science, may lead to camouflage mismatch and increase predation of white-tailed jackrabbits.

Adenine Base Editor Targets SCID Mutation in New Study

Researchers from the University of California, Los Angeles, report in Cell that adenine base editing was able to produce functional T lymphocytes in a model of severe combined immune deficiency.

Researchers Find Gene Affecting Alkaline Sensitivity in Plants

Researchers from the Chinese Academy of Science have found a locus affecting alkaline-salinity sensitivity, which could aid in efforts to improve crop productivity, as they report in Science.

International Team Proposes Checklist for Returning Genomic Research Results

Researchers in the European Journal of Human Genetics present a checklist to guide the return of genomic research results to study participants.