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Why Is Life (LIFE) Cheap?

|Includes: JNJ, MRK, Thermo Fisher Scientific Inc. (TMO)

 

Why Is Life (NASDAQ:LIFE) Cheap?March 11, 2013

 

Be sure to check out our detailed stock analysis (click here).​ Life Technologies (NASDAQ:LIFE) appears to have lost its buyout premium, but is the stock still worth investing in? The stock fell 7% earlier this week after reports that the buyout buzz for the company was cooling off. The maker of genetic testing equipment was previously reported to have engaged Deutsche and Moelis & Company to help shop around. Meanwhile, parties potentially interested in scooping up the company included Blackstone and TPG Capital. The real fizzle in Life's buyout buzz was due to news that potential acquirer, Thermo Fisher Scientific, is backing out of the pursuit for the company, noting the stock is too rich after being run up the last three months.

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