Invitrogen, Applied Biosystems combine to form Life Technologies

By Lisa Kerner

Charlotte, N.C., Nov. 21 - Invitrogen Corp. and Applied Biosystems Inc. completed their merger as expected on Friday, forming Life Technologies Corp., a Carlsbad, Calif.-based biotechnology tools company.

Life Technologies will begin trading on the Nasdaq Global Select Market under the ticker symbol "LIFE" beginning Monday, a company news release said.

In June, Invitrogen agreed to acquire Applied Biosystems for $38 per share in a cash-and-stock transaction valued at $6.7 billion.

The majority of Applied Biosystems stockholders elected to receive their consideration in the form of cash. Final election results and prorated disbursement figures are expected to be determined by Nov. 28 and will be announced at that time.

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