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Applied Imaging Shareholders OK Sale

Friday, November 24, 2006 6:30:00 AM PDT | VentureDeal Staff

SAN JOSE, CA -- Applied Imaging, a San-Jose-based developer of automated image and image analysis systems, has agreed to be acquired by Genetix Group plc, a UK cell biology and genomics health technology group.

The transaction, which was agreed to by Applied Imaging's board in September, was approved by the company's shareholders when Genetix increased its bid after a third party made an unsolicited bid during the approval process.

The original bid was $18.3 million and was increased to about $19.6 million.

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