Molecular gas in the z=1.2 ultraluminous merger GOODS J123634.53+621241.3

We report the detection of CO(2 -> 1) emission from the z = 12 ultraluminous infrared galaxy (ULIRG) GOODS J123634.53 + 621241.3 (also known as the submillimeter galaxy GN 26). These observations represent the first discovery of high-redshift CO emission using the new Combined Array for Research in Millimeter-Wave Astronomy (CARMA). Of all high-redshift (z > 1) galaxies within the GOODS-North field, this source has the largest far-infrared (FIR) flux observed in the Spitzer 70 and 160 mu m bands. The CO redshift confirms the optical identification of the source, and the bright CO(2 -> 1) line suggests the presence of a large molecular gas reservoir of about 7 x 10(10) M-circle dot. The infrared-to-CO luminosity ratio of L(IR)/L'(CO) = 80 +/- 30 L-circle dot (K km s(-1) pc(2))(-1) is slightly smaller than the average ratio found in local ULIRGs and high-redshift submillimeter galaxies. The short star formation timescale of about 70 Myr is consistent with a starburst associated with the merger event and is much shorter than the timescales for spiral galaxies and estimates made for high-redshift galaxies selected on the basis of their B - z and z - K colors.