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FiberCell Systems
Breaking News: Life Technologies Corp to be Purchased by GE
Posted by Jim H on February 15, 2010
According to a post by Nancy on the BioBeers East LinkedIn group, Life Tech is going to be purchased by GE in an all cash transaction. The news was revealed this morning on Yahoo!Finance.
This is even bigger news than the announcement last week that LifeTech was closing a 73,000 sq ft Camarillo CA facility and relocating it, and as many as 250 positions, to Frederick.
So, some stuff is shaking out on Executive Way, for sure. Which reminds me, the next BioBeers will be on Executive Way, at ImQuest on Friday March 19th. Official announcement coming soon!
FOLLOW UP: The story of GE buying LifeTech could be a rumor, at least that’s the prevailing theory on the Rumor Mill. Stay posted!
Nancy Joie Wilkie said
Dear All LTIers …
When I heard the rumor about Life Technologies being purchased by Geneeral Electric, I called my Merrill Lynch financial advisor. He called the corporate communications office at General Electric. They had no idea what he was talking about. I had shared the Yahoo blirp with my financial advisor and he, in turn, shared it with General Electric. They were completely unaware of the story … and, apparently, somewhat amused by it!
So … I am to assume that this story was the creation of someone out to have some fun at someone’s expense … not sure who!
Until the next good rumor, do enjoy!
I am grateful said
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[...]Breaking News: Life Technologies Corp to be Purchased by GE « Frederick County Biotech Community[...]…