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LIFE

Life Technologies Corporation

6/20/2013, 3:48 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, June 13, 8:10 AM Life Technologies (LIFE) has bought instrument distributor Life Science Korea (LSK) as part of Life Tech's "go-direct strategy" in South Korea. LSK has been Life Tech's primary instrument distributor since 1994. Financial terms weren't disclosed. (PR) Comment! [Healthcare, M&A]
Wednesday, June 5, 4:18 PM Thermo Fisher (TMO) announces a $2.2B public offering. The company intends to use the proceeds to fund a portion of its previously announced acquisition of Life Technologies (LIFE). JPMorgan and Barclays are acting as joint book-running managers for the offering. Comment! [Healthcare, M&A]
Friday, May 3, 6:48 AM Life Technologies (LIFE): Q1 EPS of $1.07 beats by $0.03. Revenue of $963M beats by $4.5M. (PR) Comment! [Earnings, Breaking News, Healthcare]
Tuesday, April 23, 12:10 AM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Monday, April 22, 5:35 PM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Wednesday, April 17, 11:19 AM Thermo Fisher Scientific (TMO -0.9%) sluffs off a couple of price target upgrades today to trade lower with the overall market. Morgan Stanley ups its target from $82 to $94 on the back of the Life Technologies (LIFE +0.3%) acquisition, while Jefferies raises it to $95. Morgan in particular says the deal has many positive attributes: healthy margins, steady recurring business, conservative guidance, significant EPS accretion, and an acceptable medium-term return profile. Comment! [Healthcare]
Tuesday, April 16, 11:58 AM Thermo Fisher Scientific (TMO +3.5%) moves up today after Mizuho Securities ups the shares a to a Buy on the back of yesterday's purchase of Life Technologies (LIFE +0.4%) for $76 per share. The firm also raises its target price to $90 from $80. Comment! [Healthcare, On the Move]
Monday, April 15, 12:50 PM Midday top 10 gainers: MKTAY +143%. CNIT +21%. GENE +21%. THRX +18%. MCOX +17%. SGRP +14%. S +13%. STXS +10%. ACOR +9%. LIFE +8%.
Midday top 10 losers: UNTK -48%. GSS -19%. ASM -18%. DSCO -17%. HXM -16%. XPL -16%. NGD -16%. TGD -15%. BAA -14%. PZG -14%. Comment! [On the Move]
Monday, April 15, 9:15 AM Premarket gainers: S +16%. SVA +13%. BCRX +10%. LIFE +8%. NFP +7%. MGT +7%. TMO +6%. THRX +5%. NVAX +5%.
Losers: AAU -15%. MTL -10%. AUQ -11%. HMY -9%. NGD -8%. CEF -8%. SLW -8%. SAND -9%. KGC -7%. AUY -7%. GOLD -7%. MUX -7%. DSCO -7%. IAG -6%. SVM -6%. GG -6%. PAAS -6%. EGO -6%. AU -5%. CDE -5%. Comment! [On the Move]
Monday, April 15, 7:34 AM Thermo Fisher Scientific (TMO) confirms (earlier) a deal to buy Life Technologies (LIFE) for $76/share in cash - about $13.6B - plus the assumption of roughly $2.2B in debt. LIFE +8.85% to $74.02 premarket. (PR) Comment! [Healthcare, On the Move, M&A]
Monday, April 15, 3:07 AM Thermo Fisher Scientific (TMO) is reportedly closing in on a deal to acquire genetic testing equipment maker Life Technologies (LIFE) for $12.8B after the latter's board chose Thermo Fisher's offer over lower proposals from Sigma-Aldrich (SIAL), a provider of chemicals for research laboratories, and from a consortium involving private-equity firms Blackstone (BX), Carlyle Group (CG) and KKR (KKR). Thermo Fisher has offered $75 a share, 11% above Life's close of $68 on Friday. 1 Comment [Healthcare, M&A, Top Stories]
Friday, April 12, 8:59 AM Life Technologies (LIFE), the subject of a bidding war, acquires its primary South Korean distributor KDR Biotech for an undisclosed amount. The move will help Life expand its footprint in the region according to President Mark Smedley. Comment! [M&A]
Wednesday, April 10, 3:50 AM Thermo Fisher Scientific (TMO) reportedly made a binding offer of over $65 a share for genetic testing equipment maker Life Technologies (LIFE) ahead of a bid deadline yesterday. A consortium of private-equity firms, including Blackstone (BX), Carlyle (CG) and KKR (KKR), are also looking to make a proposal despite missing the deadline. Life's shares closed at $66.19, giving it a market cap of $11.28B. 1 Comment [Healthcare, M&A, Top Stories]
Tuesday, April 9, 7:44 AM KKR has joined Blackstone (BX), Carlyle (CG) and other P-E firms to bid more than $12B (~$70.58/share) for Life Technologies (LIFE), NY Post reports, as suitors must make binding offers by today for the maker of laboratory equipment. Last week, Thermo Fisher (TMO) reportedly was the frontrunner with a bid of $65-$70. LIFE +1.9% premarket. Comment! [Healthcare, M&A, On the Move]
Thursday, April 4, 5:05 PM Moody's is set to cut Life Technologies' (LIFE) rating to below investment grade if the company either can't find a buyer and/or seeks to fund share repurchases by borrowing cash. "Bondholders face the most downside risk if Life does not complete a sale," Moody's says. (See also: Thermo-Fisher spikes on LIFE chatter) Comment! [Tech]
Tuesday, April 2, 3:34 PM Thermo Fisher (TMO +3.7%) pops on market chatter speculating they have the leading edge in bidding for Life Technologies (LIFE +1.8%) bidding. Both popped higher Tuesday afternoon. Comment! [Healthcare]