25.08.2008 11:00:00
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Applied Biosystems Sets Date for Special Meeting of Shareholders to Vote on Proposed Merger With Invitrogen Corporation
Applied Biosystems Inc. (NYSE:ABI) today announced it has set the date
for a special meeting of its shareholders to consider the proposed
merger with Invitrogen Corporation. The special meeting of shareholders
will be held on October 16, 2008, at 9:30 a.m. EDT. Applied Biosystems
shareholders of record as of the close of business on September 5, 2008
will be entitled to vote at the special meeting. The Company expects to
commence mailing the proxy statement and all relevant materials to
Applied Biosystems shareholders the week of September 8, 2008. Approval
of both companies’ shareholders is a condition
to the closing of the transaction. The transaction is also subject to
the approval of the European Commission and other customary closing
conditions.
As previously announced on June 12, 2008, the Boards of Directors of
Invitrogen and Applied Biosystems Inc. (formerly known as Applera
Corporation) approved a definitive merger agreement under which
Invitrogen will acquire all of the outstanding stock of Applied
Biosystems Inc. in a cash and stock transaction valued at $6.7 billion.
Shareholders who have questions about the merger, including their rights
to elect to receive their merger consideration in all cash or all stock,
subject to proration, or need assistance in submitting their proxy or
voting their shares should contact the Company's proxy solicitor, Morrow
& Co., Inc., toll-free at (800) 607-0088.
About Applied Biosystems Inc.
Applied Biosystems Inc. (formerly known as Applera Corporation) is a
global leader in the development and marketing of instrument-based
systems, consumables, software, and services for academic research, the
life science industry and commercial markets. Driven by its employees'
belief in the power of science to improve the human condition, the
company commercializes innovative technology solutions for DNA, RNA,
protein and small molecule analysis. Customers across the disciplines of
academic and clinical research, pharmaceutical research and
manufacturing, forensic DNA analysis, and agricultural biotechnology use
the company’s tools and services to accelerate
scientific discovery, improve processes related to drug discovery and
development, detect potentially pathogenic microorganisms, and identify
individuals based on DNA sources. Applied Biosystems has a comprehensive
service and field applications support team for a global installed base
of high-performance genetic and protein analysis solutions. Applied
Biosystems Inc. is headquartered in Norwalk, CT. Information about
Applied Biosystems, including reports and other information filed by the
company with the Securities and Exchange Commission, is available at http://www.appliedbiosystems.com.
All information in this news release is as of the date of the release,
and Applied Biosystems does not undertake any duty to update this
information unless required by law.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed transaction, Invitrogen and Applied
Biosystems have filed a proxy statement/prospectus as part of a
registration statement on Form S-4 regarding the proposed transaction
with the Securities and Exchange Commission, or SEC. The final joint
proxy statement/prospectus will be mailed to shareholders of both
companies. Investors and security holders are urged to read it in its
entirety because it will contain important information about Invitrogen
and Applied Biosystems and the proposed transaction. Investors and
security holders may obtain a free copy of the definitive proxy
statement/prospectus and other documents at the SEC’s
web site at www.sec.gov. The definitive
proxy statement/prospectus and other relevant documents may also be
obtained free of charge from Applied Biosystems by directing such
requests to: Applied Biosystems, Inc., Attention: Investor Relations 850
Lincoln Center Drive, Foster City, CA 94404.
PARTICIPANTS IN THE SOLICITATION
Invitrogen and Applied Biosystems and their respective directors,
executive officers and certain other members of their management and
employees may be deemed to be participants in the solicitation of
proxies in connection with the proposed transaction. Information
concerning all of the participants in the solicitation is included in
the proxy statement relating to the proposed merger. Each of these
documents is, or will be, available free of charge at the Securities and
Exchange Commission’s web site at http://www.sec.gov
and from Applied Biosystems Investor Relations, telephone: (650)
554-2449 or on Applied Biosystems’ web site at http://www.appliedbiosystems.com.
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