KKR, TPG No Longer Part of Groups Planning Life Technologies Bids -Bloomberg

By Dow Jones Business News,  March 22, 2013, 02:29:00 PM EDT


KKR & Co. ( KKR ) and TPG Capital, which were part of separate buyout groups pursuing Life Technologies Corp. ( LIFE ), are no longer planning to bid for the biotech company, Bloomberg News reported Friday.

According to the report, two people with knowledge of the matter said Life has become more likely to be sold to a corporate buyer, possibly Danaher Corp. ( DHR ) or Thermo Fisher Scientific Inc. ( TMO ).

Full story at http://www.bloomberg.com/news/2013-03-22/life-sale-said-to-shift-to-strategics-as-buyout-firms-go.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


  (END) Dow Jones Newswires
  03-22-131429ET
  Copyright (c) 2013 Dow Jones & Company, Inc.

This article appears in: News Headlines

Referenced Stocks: BX, CG, DHR, KKR, LIFE,



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.43 0.07  0.52%
CSCO $ 24.24 0.35  1.48%
MSFT $ 34.87 0.79  2.32%
F $ 15.08 0.44  3.01%
ARUN $ 13.10 4.51  25.61%
SIRI $ 3.50 0.05  1.45%
GE $ 23.46 0.19  0.82%
S $ 7.32 0.04  0.55%