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Applied Imaging Corp.
147% premium to shareholders in sale to
UK-based Genetix

Definitive agreement: November 2006
Closed: November 2006

Case Study      Press Release


Location: San Jose, CA

CEO: Robin Stracey
CFO: Terry Griffin

Board of Directors: G. Kirk Raab, John Blakemore, Carl Hull, Andre Marion, Robin Stracey, Pablo Valenzuela

- Applied Imaging is a leading supplier of automated imaging and image analysis systems for genetics and cancer applications.

- Aquilo successfully positioned Applied Imaging as a valuable asset creating a competitive process leading to a bidding war between UK-based Genetix and a rival bidder.

- The final offer represented a 147% premium over the 30-day closing price prior to the original announcement of the merger between Applied Imaging and Genetix.