Affymetrix Rejects $1.5 Billion Origin Bid, Favors Thermo

  • Board cites concerns over Origin's assets, financing
  • Turned-down bidder was formed by ex-Affymetrix executives

Affymetrix Inc. said its board rejected a $1.5 billion acquisition bid from Origin Technologies Corp. and instead continues to recommend its previously planned merger with Thermo Fisher Scientific Inc.

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