Deals
Life Technologies Investor Sues Over Thermo Fisher Deal
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A Life Technologies Corp. shareholder sued to block the $13.6 billion acquisition of the biotechnology equipment maker by Thermo Fisher Scientific Inc., saying the offer is unfair to investors.
The deal proposes significant benefits for Thermo Fisher at the expense of shareholders of Carlsbad, California-based Life Technologies and doesn’t adequately reflect the company’s true value, the trustee for the Herman Smilow 2011 Irrevocable Trust said in a complaint filed in Delaware Chancery Court and made public today.