Exclusive: Thermo Fisher studying Life Tech takeover - sources
NEW YORK (Reuters) - Thermo Fisher Scientific Inc (TMO.N) is considering making an offer for Life Technologies Corp LIFE.O, the biomedical laboratory equipment maker that is exploring a potential sale, three sources familiar with the matter said on Tuesday.
Thermo Fisher, the world's largest maker of laboratory equipment and scientific instrument, is one of the parties that have held discussions with Life Technologies about a potential deal, the sources spoke on condition of anonymity because the talks are confidential.
Private equity firms KKR & Co LP (KKR.N), Blackstone Group LP (BX.N), Bain Capital LLC and TPG Capital LP are also interested in buying Carlsbad, California-based Life Technologies, which has a $10.7 billion market capitalization, the sources said.
Waltham, Massachusetts-based Thermo Fisher has a market value of around $25 billion.
Talks with the potential buyers are at an early stage and may not lead to a transaction, the sources said.
Thermo Fisher and Life Technologies declined to comment. Representatives of the private equity firms declined to comment or did not immediately respond to requests for comment.
HONG KONG/BEIJING - Canadian retailer Alimentation Couche-Tard Inc and China's Tencent Holdings Ltd are among suitors short-listed to buy a $16 billion minority stake in China's Sinopec Sales, the world's largest fuel retail network, people familiar with the matter told Reuters.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.