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Life Technologies keeps rising on takeover rumor

The stock price at Carlsbad-based Life Technologies (Nasdaq: LIFE) jumped to record-breaking heights on Wednesday, propelled by reports that the world's largest medical equipment maker was considering buying the company.

Life's price rose from $62.31 to $64.44 after the Reuters news agency reported that Thermo Fisher Scientific (NYSE: TMO) was weighing a bid on the company, which is rumored to be on the auction block.

At one point, the stock price hit $65.84, its highest point since its founding in 1999.

The consensus among analysts is that the company will report a 4.7 percent year-to-year rise in quarterly earnings per share when it releases its financial statements on Monday.

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Life Technologies Corp.

Company Website

5791 Van Allen Way
Carlsbad, CA 92008

Life Technologies Corp. Executive(s):

Greg Lucier

  • Chairman, Chief Executive Officer

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NAICS - 325414 - Biological Product (except Diagnostic) Manufacturing