$11B Sale of Life Technologies Unlikely to Happen

Reuters reported that the sale process of Life Technologies has sizzled as a gap in price expectations has left possible buyer, Thermo Fisher, doubtful about making a deal with the company.

As quoted in the market news:

Thermo Fisher, the world’s largest maker of laboratory equipment and scientific instruments, had held discussions with Life Technologies but is no longer actively pursuing a deal, as a big run-up in Life Tech’s shares made the economics of a transaction less attractive, one of the people said.

Click here to read the full Reuters report.