Massachusetts-based Thermo Fisher Scientific, with about 400 employees in Madison, will purchase Life Technologies Corp. for about $13.6 billion ($76 cash per diluted share of Life Technologies). The deal, expected to close in early 2014, also includes an assumption of net debt at close ($2.2 billion as of December 2012). Life Technologies is based in California and has about 100 employees in Madison. The acquisition will enhance the capabilities of customers working in research, specialty diagnostics, and applied markets. No word yet on how the deal might affect area employees.
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