No sooner had Life Technologies Corp. (NASDAQ: LIFE ) announced its successful purchase of KDR Biotech last week, then out came Thermo Fisher Scientific (NYSE: TMO ) with a $13.6 billion bid to buy Life Technologies itself.
This morning, Life Technologies announced that it has signed a definitive agreement to sell itself to Thermo Fisher for $76 per share, or about $13.6 billion in total plus assumption of $2.2 billion in net debt. That assumption raises the deal value to $15.8 billion in total, easily trumping what was being reported last week as an estimated $11 billion bid for Life Technologies from private equity powerhouses Blackstone, Carlyle Group, and KKR.
The deal must be approved by shareholders and needs regulatory approval.
Thermo Fisher CEO Marc N. Casper was quoted in the company press release as saying that "Life Technologies enhances all three elements of our growth strategy: technological innovation, a unique customer value proposition and expansion in emerging markets." Life Technologies and Thermo Fisher say the deal will build on their "technological strengths to accelerate results for life sciences customers working in proteomics, genomics and cell biology."
Best Life Sciences Stocks To Watch For 2014: Lake Shore Bancorp Inc.(LSBK)
Lake Shore Bancorp, Inc. operates as the holding company for Lake Shore Savings Bank that provides banking products and services. It offers various deposit products, including regular savings deposits, such as Christmas club, passbook, and statement savings accounts; NOW accounts; money market accounts; interest bearing and non-interest bearing checking accounts; interest bearing and non-interest bearing demand deposits; health savings accounts; retirement accounts; time deposits; and interest on lawyer accounts. The company also provides adjustable-rate and fixed-rate one-to four-family residential mortgage loans, commercial real estate loans, construction loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as personal loans, home improvement loans, overdraft lines of credit, automobile loans, and guaranteed student loans. It operates nine branch offices in Chautauqua and Erie Counties, New York; and six automated t eller machines. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.
Best Life Sciences Stocks To Watch For 2014: Synergetics USA Inc.(SURG)
Synergetics USA, Inc., a medical device company, engages in the design, manufacture, and marketing of microsurgical instruments and consumables primarily for ophthalmology and neurosurgery markets in the United States and internationally. The company?s product lines focus upon precision engineered, microsurgical, handheld devices, and the microscopic delivery of laser energy, ultrasound, electrosurgery, aspiration, illumination and irrigation that are delivered in multiple combinations. It offers retinal surgical items, including handheld disposable and reusable forceps and scissors, fiberoptics for illumination and photocoagulation, cannulas, scrapers, and other reusable and disposable surgical devices. The company also provides bipolar electrosurgical generators; lesion generators used for minimally invasive pain treatment; and directional laser probes, as well as offers gauge instrumentation to the vitreoretinal surgical market. It sells its products through direct sale s employees, distributors, and independent sales representatives. The company was founded in 1991 and is headquartered in O?Fallon, Missouri.
Top Penny Companies For 2014: Aguila American Resources Ltd (AGL.V)
Aguila American Resources Ltd. engages in the exploration and development of mineral properties in Peru. It primarily explores for gold and uranium. The company principally holds interest in the Angostura property comprising 9 exploration concessions and 2 claims, covering approximately 6,800 hectares located in southern Peru in the Department of Apurimac. The company was founded in 1997 and is headquartered in Vancouver, Canada.
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