Thermo Fisher Buys Life Technologies; Aims to Grow in Asia
publication date: Apr 16, 2013
Thermo Fisher emerged as the victor in the hotly contested battle to acquire Life Technologies, paying a higher than expected $13.6 billion for the privilege. Both companies are in the lab products business, but Life Technologies adds gene sequencing machines to the mix. In addition, both companies are actively working to increase their China revenues, and combining the two companies was positioned as a way to gain better traction in emerging markets, especially Asia. More details....
Stock Symbols: (NYSE: TMO) (NSDQ: LIFE)
Share this with colleagues:
To gain access to the members only content click here to subscribe.
You will be given immediate access to premium content on the site.