KKR & Co. (KKR) and TPG Capital, which were part of separate buyout groups pursuing Life Technologies Corp. (LIFE), are no longer planning to bid for the biotech company, Bloomberg News reported Friday.

According to the report, two people with knowledge of the matter said Life has become more likely to be sold to a corporate buyer, possibly Danaher Corp. (DHR) or Thermo Fisher Scientific Inc. (TMO).

Full story at http://www.bloomberg.com/news/2013-03-22/life-sale-said-to-shift-to-strategics-as-buyout-firms-go.html

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Carlyle (NASDAQ:CG)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Carlyle Charts.
Carlyle (NASDAQ:CG)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Carlyle Charts.