Origin Technologies, a newly created company led by a group of former AFFX execs, offered $16.10/share in cash, topping TMO's $14 offer that AFFX accepted on Jan. 8.
The $16.10 offer represents a 14.8% premium to AFFX's closing price yesterday.
Origin President Wei Zhou, a former senior VP at AFFX, also started up genomics company Centrillion Technology in 2009, and says Origin would have the option of combining with Centrillion after acquiring AFFX.
AFFX closed +14%, TMO ended +1.2%.
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