NBR: Thermo Fisher weighs Life Tech takeover-sources
From the Nightly Business Review PBS
(Some will try to spin this as bad news for Illumina, but experienced investors know that it is NOT!)
Exclusive: Thermo Fisher weighs Life Tech takeover-sources
Posted on 01/29/2013 at 06:37 pm
By Soyoung Kim and Greg Roumeliotis
NEW YORK (Reuters) - Thermo Fisher Scientific Inc is considering making an offer for Life Technologies Corp , the biomedical laboratory equipment maker that is exploring a potential sale, three people familiar with the matter said on Tuesday.
Thermo Fisher, the world's largest maker of laboratory equipment and scientific instruments, is one of the parties that have held discussions with Life Technologies about a potential deal, said the sources, who asked to be anonymous because the talks are confidential.
Private equity firms KKR & Co LP , Blackstone Group LP , Bain Capital LLC and TPG Capital LP are also interested in buying Carlsbad, California-based Life Technologies, which has a $10.7 billion market capitalization, the sources said.
Waltham, Massachusetts-based Thermo Fisher has a market value of around $25 billion.
Jay Flatley approves Thermo Fisher's acquisition of his arch nemisis, Life Technologies. Jay loves a challenge and the bigger the challenge, the more rewarding it is when you win the challenge. Why fight Life Technologies when you can fight Thermo Fisher?
Now if Flatley can convince Roche to sell Life Sciences 454 to Illumina, then the fight with Thermo Fisher could get interesting. I'm sure Roche would love to recoup their investment in Life Sciences 454.