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Packard BioScience Buying GSI Lumonics Life Science Group

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MERIDEN, Conn., Aug. 25 -- In a move to strengthen its position as a provider of biochips and microarray analysis tools, Packard BioScience Co. will purchase a unit of GSI Lumonics Inc.'s GSLI Life Sciences unit for $40 million in cash and $80 million in Packard stock. The GSLI Life Sciences unit will provide Packard BioScience with the necessary laser detection and data analysis tools needed to extract results from microarray experiments.Read full article

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    Published: August 2000
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