Life Technologies Explores Possible Sale

The Financial Post, which broke the story on January 17, reported that Life Technologies brought in the advisors to generate interest for a possible sale, noting that potential buyers could include private equity firms or life science industry companies. The newspaper stated that pricing could be in the range of $65–$75 per share, resulting in a transaction valued at $13.7–$15.7 billion. Jefferies & Co. suggested that the deal could have a price range of $50–$60 per share. Life Technologies’ stock closed at $54.97 on January 17. Reuters reported on January 30 that Thermo Fisher Scientific, KKR & Co., Blackstone Group, Bain Capital and TPG Capital have indicated interest.

Carlsbad, CA 1/18/13—Life Technologies announced that its Board has retained Deutsche Bank Securities and Moelis & Company to assist in its annual strategic review. The Board has not decided on any specific course of action.

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