BioLife Solutions (BLFS) Tops Q4 EPS by 1c, Revenues Beat

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BioLife Solutions (BLFS) to Acquire Stirling Ultracold in All-Stock Deal

March 22, 2021 4:04 PM EDT

BioLife Solutions, Inc. (NASDAQ: BLFS) announced the signing of a definitive merger agreement to acquire Global Cooling, Inc., operating as Stirling Ultracold a privately held manufacturer of ultra-low temperature ("ULT") mechanical freezers.

BioLife will issue 6,646,870 shares of common stock for 100% of the outstanding shares of Stirling in an all-stock transaction, which is expected to close early in the second quarter of 2021. With Stirling, BioLife believes... More