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Life Technologies Corp Exploring Potential Sale; Blackstone Group LP and Others Among Buyers-Reuters


Sunday, 20 Jan 2013 05:43pm EST 

Reuters reported that Life Technologies Corp is exploring a potential sale and has retained banks to advise on the process, the biotechnology company said. Life Technologies, whose market value surged to roughly $10.5 billion, said its board has hired Deutsche Bank Securities and Moelis & Company to assist in its annual strategic review. Buyout firms Blackstone Group LP , Bain Capital LLC and TPG Capital LP are among the several interested parties. Life Technologies said its board of directors has not decided on any specific course of action. Representatives of Blackstone were not immediately available for comment, while TPG and Bain declined to comment. 

Company Quote

34.19
-0.15 -0.44%
4:02pm EDT