SomaLogic Inc. founder Larry Gold and another top executive are suing to block its greater than $1 billion merger with Standard BioTools Inc., which also develops medical research tools and technologies.
The lawsuit by Gold and chief technology officer Jason Cleveland, made public Monday, calls the deal an unhappy “arranged marriage” between companies controlled by life sciences investor Eli Casdin, who allegedly “took matters into his own hands” by ousting SomaLogic directors opposed to the transaction and stacking the board with loyalists.
The all-stock merger, set for an investor vote Jan. 4, would hand about 57% of the combined business—which ...
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