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Mergers & Acquisitions

Jun. 27, 2000

Cooley Godward: MOLECULAR DEVICES CORP. AND LJL BIOSYSTEMS MERGE

Deals: Molecular Devices Corp. and LJL BioSystems Inc., both based in Sunnyvale, have agreed to merge in a stock-for-stock transaction valued at $263 million. The deal will be treated as a tax-free reorganization.

By Melissa Onstad
        Molecular Devices Corp. and LJL BioSystems Inc., both based in Sunnyvale, have agreed to merge in a stock-for-stock transaction valued at $263 million. The deal will be treated as a tax-free reorganization.
        Both companies specialize in the development of new drugs. Molecular Devices makes bioanalytical measurement systems to decrease wast...

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