December 18, 2007 / 1:20 PM / 10 years ago

Affymetrix to buy privately held USB for $75 mln in cash

Dec 18 (Reuters) - Affymetrix Inc AFFX.O, a maker of microchips used in genetic research, said it agreed to buy privately held USB Corp for about $75 million in cash, to accelerate the development and marketing of new genetic analysis technology.

The company said it sees the deal to modestly add to its 2008 earnings per share, before anticipated charges relating to the deal.

USB Corp develops and markets an extensive line of molecular biology and biochemical reagent products. (Reporting by Dhanya Skariachan in Bangalore; Editing by Amitha Rajan)

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