Thermo Fisher Scientific (TMO) announced Monday morning that it agreed to acquire Life Technologies Corp. (LIFE) for $76.00 per share in an all-cash deal valued at $13.6 billion. The deal is expected to close in early 2014.
Life Technologies gapped open dramatically higher Monday, but moved in a narrow range throughout the session. Shares finished up by 5.11 at $73.11 on the highest volume of the year. The stock leaped to a new high for the year.
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