No sooner had Life Technologies Corp. (NASDAQ: LIFE ) announced its successful purchase of KDR Biotech last week, then out came Thermo Fisher Scientific (NYSE: TMO ) with a $13.6 billion bid to buy Life Technologies itself.
This morning, Life Technologies announced that it has signed a definitive agreement to sell itself to Thermo Fisher for $76 per share, or about $13.6 billion in total plus assumption of $2.2 billion in net debt. That assumption raises the deal value to $15.8 billion in total, easily trumping what was being reported last week as an estimated $11 billion bid for Life Technologies from private equity powerhouses Blackstone, Carlyle Group, and KKR.
The deal must be approved by shareholders and needs regulatory approval.
Thermo Fisher CEO Marc N. Casper was quoted in the company press release as saying that "Life Technologies enhances all three elements of our growth strategy: technological innovation, a unique customer value proposition and expansion in emerging markets." Life Technologies and Thermo Fisher say the deal will build on their "technological strengths to accelerate results for life sciences customers working in proteomics, genomics and cell biology."
Hot Life Sciences Stocks To Own Right Now: Fischer Tech Ltd (F22.SI)
Fischer Tech Ltd, together with its subsidiaries, manufactures and sells precision engineering plastic components for electronic products. It offers plastic components used in products for the automotives, smart phones, computer peripherals, healthcare, and consumer product industries, as well as is involved in laser marking and decorative finishing for engineering components. The company also designs and manufactures precision plastic injection moulds used in the manufacture of plastic injection components; and engages in the high precision injection molding. In addition, it manufactures in-mould labeling (IML) plastic key pads and IML plastic components. The company sells its products in north Asia and southeast Asia. Fischer Tech Ltd was founded in 1994 and is headquartered in Singapore.
Hot Life Sciences Stocks To Own Right Now: eHealth Inc.(EHTH)
eHealth, Inc. offers Internet-based insurance agency services for individuals, families, and small businesses in the United States. The company also offers technology licensing and Internet advertising services. Its ecommerce platforms organize and present health insurance information in various formats, as well as enables individuals, families, and small businesses to research, analyze, compare, and purchase various health insurance plans. The company offers various medical health insurance coverage plans, such as preferred provider organization, health maintenance organization and indemnity plans, Medicare plans, short-term medical insurance, student health insurance, and health savings account eligible health insurance plans, as well as ancillary plans, such as dental, vision, and life insurance. Its customers access its ecommerce platforms through its Websites, including eHealth.com, eHealthInsurance.com, eHealthMedicare.com, and PlanPrescriber.com, as well as through a network of marketing partners. The company was incorporated in 1997 and is headquartered in Mountain View, California.
Advisors' Opinion:- [By Fernandez]
eHealth, Inc. (NASDAQ: EHTH) offers Internet-based insurance agency services to individuals, families, and small businesses primarily in the United States. The company’s e-commerce platform, which is accessed directly via ehealth.com and ehealthinsurance.com, enable individuals and families to research, analyze, compare, and purchase health insurance products online.
For anyone that is self-employed, runs a small business, or as more and more companies stop paying for employee health insurance, needs to purchase their own health insurance, it is becoming increasingly crucial that individuals find affordable health insurance and eHealth gives them the power of choice.
eHealth just reported solid earnings this week, and reaffirmed their guidance for the remainder of 2008, which says a lot since they were already 1 month into their final quarter and had great visibility into their current business trends, and the affects of the slowing economy on their business.
I will be coming out with a full analysis and breakdown of eHealth’s latest quarter shortly, but in the mean time, if you don’t own any shares, you should consider picking a small position here, and adding more on any weakness.
Best Warren Buffett Stocks To Invest In Right Now: Progress Software Corporation(PRGS)
Progress Software Corporation operates as an enterprise software company worldwide. Its products include Progress OpenEdge platform, which offers development tools, application servers, application management tools, and an embedded database; Progress Orbix to address enterprise integration problems with standards-based solutions; and Progress ObjectStore, an object data management system to store data faster than relational database management system or file-based storage system. The company?s products also comprise Progress Responsiveness Process Management suite for business users; Progress Control Tower, an interactive business control panel; Progress Sonic, which comprises an enterprise messaging system and the enterprise service buses; Progress Actional that provides operational and business visibility, root cause analysis, and policy-based security and control of services; Progress Apama, which offers tools for creating, testing, and deploying strategies for applicat ions, including algorithmic trading, market aggregation, smart order routing, market surveillance and monitoring, and risk management; Progress Savvion BusinessManager, a business process management software; and Fuse products that provide customers with access to professional open source integration and messaging software. In addition, it offers Progress DataDirect Connect products, which provide data connectivity components; Progress DataDirect Shadow to provide foundation architecture for standards-based mainframe integration; and Progress Data Services product set that offers data integration for distributed applications. Further, the company provides maintenance, consulting, training, and customer support services. Progress Software Corporation sells its products to independent software vendors, original equipment manufacturers, and system integrators through direct sales force and independent distributors. The company was founded in 1981 and is based in Bedford, Massac husetts.
Advisors' Opinion:- [By Chris Stuart]
Progress Software(PRGS) recently cut its outlook for the fiscal second quarter ended in May, saying execution problems at its EDS (enterprise data solutions) segment would lead to a shortfall.
Mark Schappel from Benchmark Securities (which rates Progress a "buy" with a $31 target) says the shortfall is a speed bump in the company's ongoing transformation, and not a sign of a slump in infrastructure spending.
TheStreet Ratings has a $34 price target on Progress Software.
Hot Life Sciences Stocks To Own Right Now: Intl Enexco Limited (IEC.V)
International Enexco Limited, an exploration stage company, engages in the exploration and development of mineral, and oil and gas properties in North America. It primarily explores for copper, silver, gold, molybdenum, lead, zinc, tungsten, and uranium ores. The company�s principal properties include a 100% owned Contact copper/silver resource property located in Elko County, Nevada, the United States; and the Mann Lake uranium property situated in the Athabasca Basin, Saskatchewan, Canada. International Enexco Limited is headquartered in Vancouver, Canada.
Hot Life Sciences Stocks To Own Right Now: Vestin Realty Mortgage II Inc.(VRTB)
Vestin Realty Mortgage II, Inc., a real estate investment trust (REIT), invests in short-term loans secured by real estate through deeds of trust or mortgages. The company offers various real estate loans, including commercial property, construction, acquisition and development, raw and unimproved land, and residential loans. It operates in Arizona, California, Nevada, Oregon, and Texas. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income tax, provided it distributes at least 90% of its taxable income to its shareholders. Vestin Realty Mortgage II was founded in 2000 and is based in Las Vegas, Nevada.
Hot Life Sciences Stocks To Own Right Now: Hollywood Media Corp.(HOLL)
Hollywood Media Corp. primarily provides advertising services. The company?s Ad Sales segment sells advertising on plasma TV displays; and on lobby display posters, movie brochure booklets, and ticket wallets distributed in cinemas, live theater, and other entertainment venues in the United Kingdom and Ireland. This segment also holds a 26.2% ownership interest in the MovieTickets.com, a seller of online movie tickets. Its Intellectual Properties segment owns or controls the rights to certain intellectual properties created by various authors and media celebrities, which it licenses for book and other media. This segment also owns a 51% interest in Tekno Books, a book development business. The company was founded in 1993 and is headquartered in Boca Raton, Florida.
No comments:
Post a Comment