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Article: Life Technologies Announces the Exchange Ratio for Invitrogen Merger.

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PR Newswire
Article date:
September 12, 2000
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ROCKVILLE, Md., Sept. 11 /PRNewswire/ --

Life Technologies, Inc. (OTC Bulletin Board: LTEK.OB) said today the definitive exchange ratio for the merger of Life Technologies and Invitrogen Corporation (Nasdaq: IVGN) will be 1.0. In accordance with the Life Technologies/Invitrogen merger agreement, this ratio was determined based on a pricing period in which the closing share price for Invitrogen was averaged over a 20-Nasdaq trading day period that ended today. The average closing price over the 20-day period was $56.67. Since the average price was below the agreed upon low end of the collar of $60.00, the exchange ratio was fixed at 1.0 per the terms of the ...

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