Wachtell Guides Thermo Fisher's $13.6B Life Tech Takeover

Law360, New York (April 15, 2013, 1:44 PM EDT) -- Lab equipment company Thermo Fisher Scientific Inc. will put up roughly $13.6 billion for California-based Life Technologies Corp. in one of the biggest buyouts of the year, spawning a life sciences giant with a strong foothold in the lucrative genetic-sequencing market, it said Monday.

Under the transaction's terms, Life Tech shareholders will receive a $76 per-share payout, representing a premium of about 12 percent over Friday's closing price. Massachusetts-headquartered Thermo Fisher plans to back its buy with $9.5 billion to $10 billion in cash on hand...
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