Invitrogen/Life Technologies (B)

Invitrogen/Life Technologies (B)

By
Robert A Burgelman, Robert E Siegel, Rosy Lee
2012|Case No.SM209B

On June 12, 2008, Invitrogen and Applied Biosystems announced plans to merge. The combined company was to be renamed Life Technologies (NASDAQ: LIFE). Invitrogen offered to acquire Applied Biosystems for $6.7 billion in cash and stock. AB shareholders would receive $38 per share in cash and stock, representing a 17 percent premium over the share’s closing price on Wednesday, June 11, 2008.

Learning Objective
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