Replies to post #110612 on Biotech Values

[genisi]

...the people familiar with the matter said...

According to Bloomberg (these knowledgeable people are quite talkative), Blackstone Group LP and Apollo Global Management LLC are among the firms that approached Beckman and General Electric Co., Danaher Corp. and 3M Co. are among industrial companies that have recently told financial advisers they are interested in acquiring makers of lab equipment or scientific instruments used in labs.

http://www.bloomberg.com/news/2010-12-10/beckman-coulter-said-to-explore-sale-after-buyout-interest-hires-goldman.html

[DewDiligence]

Danaher acquires BEC for $83.50/sh in cash:

http://finance.yahoo.com/news/Danaher-to-Acquire-Beckman-prnews-958609410.html?x=0&.v=1

That’s a 46% premium to BEC’s closing price on 12/9/10, the day before BEC was publicly put in play.