Reuters logo
Complete Genomics to be bought by Chinese firm for $117.6 million
September 17, 2012 / 10:58 AM / 5 years ago

Complete Genomics to be bought by Chinese firm for $117.6 million

(Reuters) - Complete Genomics Inc GNOM.O said it would be acquired by China’s BGI-Shenzhen for $117.6 million, or $3.15 per share, in cash, an 18 percent premium to the stock’s close on Friday.

In June, the Mountain View, California-based company said it was exploring strategic options, including a sale, and would cut about 20 percent of its workforce.

Citi is serving as financial adviser to BGI, while Complete is being advised by Jefferies & Co.

Reporting By Vrinda Manocha in Bangalore

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below