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Thermo Fisher To Buy Life Tech For $13.6 Billion


Ron Burgundy
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(Reuters) - Genetic testing equipment maker Life Technologies Corp has accepted a $13.6 billion cash buyout proposal from scientific and laboratory instruments company Thermo Fisher Scientific Inc in one of the year's biggest corporate takeovers. The deal, announced on Monday, values Life Tech at $76 per share and would catapult Thermo Fisher into the hot field of genetic sequencing, where researchers, drugmakers and doctors are uncovering the hereditary factors underpinning diseases to better tailor treatments to patients. ...

 

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