BRIEF-BioLife Solutions To Acquire SciSafe

Sept 21 (Reuters) - BioLife Solutions Inc (BLFS):

* BIOLIFE SOLUTIONS TO ACQUIRE SCISAFE, A HIGH-GROWTH BIOSTORAGE SERVICE PROVIDER TO THE CELL AND GENE THERAPY INDUSTRY

* BIOLIFE SOLUTIONS (BLFS) - WILL PAY $15 MILLION IN CASH AND $15 MILLION IN NEWLY ISSUED SHARES OF BIOLIFE COMMON STOCK FOR 100% OF OUTSTANDING SHARES OF SCISAFE

* BIOLIFE SOLUTIONS (BLFS) - SCISAFE'S SHAREHOLDERS ARE ALSO ELIGIBLE OVER NEXT FOUR YEARS TO RECEIVE UP TO 626,000 ADDITIONAL SHARES OF BIOLIFE COMMON STOCK

* BIOLIFE SOLUTIONS INC (BLFS) - ACQUISITION OF SCISAFE EXPECTED TO BE ACCRETIVE TO ADJUSTED NET INCOME BEGINNING IN 2021 Source text for Eikon: Further company coverage: