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

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

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

By Soyoung Kim and Greg Roumeliotis NEW YORK (Reuters) - Roche Holding AG and a buyout group comprising KKR & Co LP and Hellman & 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. ...

Source: BioTech News Headlines - Yahoo! News