Life Tech shareholders back $13.6bn Thermo Fisher Scientific deal

By Joseph James Whitworth

- Last updated on GMT

Related tags Thermo fisher scientific

Life Tech and Thermo Fisher Scientific $13.6bn takeover backed
Life Tech and Thermo Fisher Scientific $13.6bn takeover backed
Shareholders of Life Technologies Corporation have voted to adopt the takeover of the firm by Thermo Fisher Scientific for $13.6bn.

More than 98% of votes cast at the Special Meeting were in favor of the transaction, representing more than 72% all outstanding shares, said the firm.

Thermo Fisher will acquire Life Technologies for $76.00 per share in cash, subject to potential increase in certain circumstances if the merger does not close by 14 January 2014.

The board of directors had earlier said it unanimously recommended shareholders vote “For” the adoption of the merger agreement​.

"Today's approval represents a significant milestone and brings us one step closer to joining Thermo Fisher," ​said Gregory T. Lucier, chairman and chief executive officer of Life Technologies.

“We look forward to joining together with Thermo Fisher in order to accelerate innovation for our customers and achieve greater success in a highly competitive global industry."

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