Friday May 9, 12:35 PM
Applera board formally OKs separations of Celera Group from other businesses
NEW YORK (Thomson Financial) - Applera Corp (NYSE: CRA - news) . Friday said its board has formally approved the proposed separation of the
Celera Group from Applera's remaining businesses.
To complete the separation, each outstanding share of Celera Group tracking stock will be redeemed in exchange for one share of Celera Corp. common stock. Upon completion of the separation, Celera Corp. will hold all the businesses, assets and liabilities attributed to Celera Group and will be an independent, publicly-traded company listed on the Nasdaq (NASDAQ: news) .
The separation is expected to be complete on July 1.
Applera shares closed at $33.76 on Thursday. Celera tracking shares closed at $12.58.
Christie Rizk
cr/pc
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
NNNN
|
Send Article by Email
