Notable Mergers and Acquisitions of the Day 11/20: IVGN/ABI

November 20, 2008 9:49 AM EST

• Invitrogen Corporation (NASDAQ: IVGN) and Applied Biosystems Inc. (NYSE: ABI) today announced the preliminary results of elections made by Applied Biosystems stockholders regarding their preferences as to the form of merger consideration they will receive in the pending acquisition of Applied Biosystems by Invitrogen. The election deadline for Applied Biosystems stockholders to have made merger consideration elections in connection with the proposed merger was 5:00 p.m., EST, on November 19, 2008.
  
  Of the 172,504,949 shares of Applied Biosystems common stock outstanding as of November 19, 2008, holders of:
  
  • 144,161,857 shares, or approximately 84% of outstanding shares, elected to receive cash;
    
  • 4,465,325 shares, or approximately 2% of outstanding shares, elected to receive Invitrogen common stock;
    
  • 12,300,710 shares, or approximately 7%, elected to receive mixed consideration consisting of part cash and part Invitrogen common stock; and
    
  • 11,577,057 shares, or approximately 7%, did not make a valid election and therefore will be deemed to have elected to receive mixed consideration, entitling them to receive consideration consisting of part cash and part Invitrogen common stock.

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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