Life Technologies (LIFE) +13.5% premarket after the board hires Deutsche Bank and Moelis to...

|By:, SA News Editor

Life Technologies (LIFE) +13.5% premarket after the board hires Deutsche Bank and Moelis to assist in its annual strategic review. Chatter on pricing in an LBO has been in the $65-$75 range, but Jefferies says this is overly ambitious, and $50-$60 is more likely. Is Roche (RHHBY.PK) interested after Illumina has fallen through?