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Exclusive: Roche joins Life Tech auction; KKR, H&F team up - sources

Started by riky, March 20, 2013, 08:00:14 AM

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riky

Exclusive: Roche joins Life Tech auction; KKR, H&F team up - sources

<p><a href="http://news.yahoo.com/exclusive-roche-joins-life-tech-auction-kkr-h-183354224--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/9YXza3i0sHXnFCbvPLFN4A--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-03-19T204140Z_2_CBRE92I1FKO00_RTROPTP_2_CBUSINESS-US-LIFETECHNOLOGIES-BIDDERS.JPG" width="130" height="86" alt="The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf" align="left" title="The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf" border="0" /></a>By Soyoung Kim and Greg Roumeliotis NEW YORK (Reuters) - Roche Holding AG and a buyout group comprising KKR &amp; Co LP and Hellman &amp; Friedman LLC have joined the bidding for Life Technologies Corp, a genetic testing company coveted for its advanced diagnostics and steady cash flow, according to people familiar with the matter. Roche's interest in Life Tech, a biomedical laboratory equipment maker with an $11 billion market value, signals the Swiss drugmaker's continued interest in gene sequencing a year after its $6.8 billion hostile offer for Illumina Inc failed over price. ...</p><br clear="all"/>

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