Life for Sale
By:
Forbes Real Time
Life Technologies (LIFE) announced this morning that it’s retained Deutsche Bank and Moelis & Company to assist in its strategic annual review. To many, this translates to, “We are putting ourselves up for sale.” That’s why the news sent shares up more that 17% above yesterday’s closing price to$64.50 in pre-market trading and why the stock remains up 11.5% at $61.30.
Life Technologies (LIFE) announced this morning that it’s retained Deutsche Bank and Moelis & Company to assist in its strategic annual review. To many, this translates to, “We are putting ourselves up for sale.” That’s why the news sent shares up more that 17% above yesterday’s closing price to$64.50 in pre-market trading and why the stock remains up 11.5% at $61.30.
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