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Life Tech soars on sale rumor

Shares of the maker of genetic sequencing equipment and other gear hit a new all-time high above 61 Fri. on speculation the company might be bought. In a late Thu. SEC filing, Life Technologies (LIFE) said it's retained Deutsche Bank and Moelis for its "annual strategic review." Canada's Financial Post said unnamed sources speculated the company, itself formed by the merger of Applied Biosystems and Invitrogen in '08, is looking for a buyout partner. Analysts had mixed opinions on the subject. Shares rose 10.6% to close at 60.79.