This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Thermo Fisher Near Deal for Life Tech: Reports

WALTHAM, Mass. ( TheStreet) -- Thermo Fisher Scientific (TMO - Get Report) is close to a deal to acquire Life Technologies (LIFE), according to published media reports.

The price could end up being as high as $13 billion, which would make it one of this year's largest corporate takeovers, The Wall Street Journal reported Sunday, citing a source familiar with the negotiations.

Waltham, Mass.-based Thermo Fisher is expected to pay about $75 a share for Life Technologies, which makes genetic testing equipment, the Journal reported.

Shares of Carlsbad, Calif.-based Life Technologies closed Friday at $68.00.

The two sides were in exclusive discussions Sunday afternoon, and an agreement could be reached as early as Sunday, the Journal also reported.

Shares of Thermo Fisher closed Friday down 32 cents at $79.59.

This article was written by a staff member of TheStreet.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
LIFE $76.04 -0.04%
TMO $134.03 0.00%
AAPL $127.60 0.00%
FB $83.09 0.00%
GOOG $535.38 0.00%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs