CARLSBAD, Calif. Several advisory firms have endorsed the planned merger between Invitrogen and Applied Biosystems, the companies said Monday.
Invitrogen announced in June that it would buy Foster City, Calif.-based Applied Biosystems for $6.4 billion. The combined company will use the Applied Biosystems name.
“The synergy work we’ve had underway for the last three months has led to a very comprehensive and robust plan that is now locked in by each operation area,” Invitrogen chairman and chief executive officer Greg Lucier said in a statement Thursday.
“I am extremely pleased with the progress we are making.”