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Article: Corning Incorporated Acquires Axygen BioScience, Inc.
- Article from:
- Business Wire
- Article date:
- September 16, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Acquisition to expand Corning's portfolio of life sciences products and global customer access
CORNING, N.Y. -- Corning Incorporated (NYSE:GLW) announced today that it has acquired all the shares of Axygen BioScience, Inc. and its subsidiaries from American Capital Ltd. (Nasdaq:ACAS) for approximately $400 million in cash.
Headquartered in Union City, Calif., Axygen is a leading manufacturer and distributor of high-quality life sciences plastic consumable labware, liquid handling products, and bench-top laboratory equipment with operations in the United States, France, Poland, and China. Axygen will be integrated into Corning's Life Sciences segment.
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