Thermo Fisher reportedly nears deal for Life Tech

Apr 14, 2013

(AP)—Thermo Fisher Scientific Inc. is reportedly nearing a deal to buy Life Technologies Corp., a maker of genetic testing equipment, for almost $12 billion.

Thermo Fisher's bid for Life Technologies topped $70 a share, beating out bids from other suitors, including the Blackstone Group, the Carlyle Group and other private equity firms, according to published reports. Life Technologies' closed Friday at $68.

Life Technologies, based in Carlsbad, California, said in January that it had hired Deutsche Bank and the boutique bank Moelis & Co. to help with its strategic review. That's usually a sign a company is considering putting itself up for sale. Since that announcement, the company's stock has climbed 24 percent.

Calls to and Thermo Fisher, based in Waltham, Massachusetts, were not immediately returned.

Explore further: Microsoft sues Samsung alleging contract breach

not rated yet
add to favorites email to friend print save as pdf

Related Stories

United Tech to sell units to BC, Carlyle for $3.5B

Jul 26, 2012

(AP) — United Technologies Corp. said Wednesday that is selling three industrial-products businesses for $3.46 billion as it seeks to fund its proposed acquisition of aerospace-parts maker Goodrich Corp.

Blackboard to be taken private in $1.64B deal

Jul 01, 2011

(AP) -- Educational software maker Blackboard is being taken private for $1.64 billion in cash by an investor group led by affiliates of Providence Equity Partners.

Alibaba, Softbank discussing Yahoo! bid: report

Nov 09, 2011

China's Alibaba Group and Japan's Softbank are in talks with private equity firms about making an unsolicited bid for Yahoo!, according to the Bloomberg financial news agency.

Soft maker Deltek to be taken private for $890.5M

Aug 27, 2012

(AP)—Deltek Inc. shares slid nearly 8 percent Monday after the business software company said that it was being bought by private equity firm Thoma Bravo LLC in a cash deal worth about $890.5 million.

Recommended for you

Microsoft sues Samsung alleging contract breach

6 hours ago

Microsoft on Friday sued Samsung in federal court claiming the South Korean giant had breached a contract over cross-license technology used in the fiercely competitive smartphone market.

Apple closes acquisition of Beats music

13 hours ago

Apple said Friday it closed its $3 billion deal for Beats, the high-end audio equipment and streaming music service, a tie-up that could allow the iPhone maker to reach new audiences.

User comments : 0