Origin withdraws offer to buy Affymetrix

March 28, 2016 10:32 PM

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March 28 Origin Technologies Corp, owned by Affymetrix Inc's former employees, withdrew its offer to buy the gene sequencing products maker, hours after Affymetrix said Origin's raised offer was not superior to Thermo Fisher Scientific Inc's proposal.

Origin Technologies cited unreasonable demands and timelines set by Affymetrix for withdrawing the offer.

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