Cohen's SAC Boosts Stake in Invitrogen (IVGN) to 6.9%
In the original filing, SAC said, "Based on the information that is publicly available, the Reporting Persons are supportive of the proposed merger with Applera (NYSE: ABI)."
Invitrogen Corporation engages in the development, manufacture, and marketing of research tools in reagent, kit, and applications forms for the life sciences research, drug discovery, and diagnostics customers, as well as biological products manufacturers.
SAC Capital is a multi-strategy, private asset management firm founded by Steven A. Cohen in 1992 with 9 employees and $25 million in assets under management. As of September 2007, the firm has grown to over 800 employees with approximately $14 billion in assets.