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Genetix to Acquire Applied Imaging for $18M

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SAN JOSE, Calif., Sept. 7, 2006 -- Applied Imaging Corp., a supplier of automated imaging and image analysis systems, announced that it will be acquired by Genetix Group plc., the UK-based cell biology, proteomics and genomics health technology group, in an all-cash transaction valued at $18.3 million. Under the terms of the agreement, which is subject to approval by Applied Imaging's stockholders, Genetix will pay $3.06 per share to acquire all of Applied Imaging's common stock. The deal is expected to close in the fourth quarter of 2006. Based in New Milton, Hampshire, England, Genetix manufactures systems that...Read full article

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