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Shares of Life Technologies (NASDAQ: LIFE) spiked higher in late trading Thursday, on a Deal Reporter story that LIFE was launching full auction, according to sources. A February 2 report mentioned Thermo Fisher (NYSE: TMO), GE (NYSE: GE) and Danaher (NYSE: DHR), as potential buyers.Life Technologies announced on January 18, it had retained Deutsche Bank and Moelis & Company to assist in its annual strategic review. Macquarie said on Janaury 30, they thought Thermo Fisher would buy LIFE for $80 per share.A spokesperson for Life Technologies declined comment on today's report.Life Technologies closed at $63.54 Thursday, a gain of 2% on average volume.Report Smithfield Foods has No Breakup PlanThe Rumor:
Smithfield Foods (NYSE: SFD) confirmed on March 8, that its Board of Directors received a memorandum from shareholder Continental Grain indicating that the company should consider splitting into three separate companies: hog production, fresh pork and packaged meats, and international.Smithfield said that its board, in consultation with its financial and legal advisers, would review the proposal in due course.A report Thursday from Deal Reporter, said Smithfield did not yet have a plan to break-up the company. A Smithfield spokesperson declined comment beyond the March 8 press release.Smithfield Foods closed at $26.23 Thursday, a loss of $0.12 on 1.5 times average volume. Hearing Renewed Interest in BMC SoftwareThe Rumor:
BMC Software (NASDAQ: BMC) has reportedly attracted interest from lenders for a potential LBO, according to Deal Reporter. Last week Bloomberg reported that KKR (NYSE: KKR) and TPG were possibly interested in a deal. Shareholder Elliott Management has been pressuring BMC to make a deal.A spokesperson for BMC Software was not available for comment.BMC Software closed at $44.29 Thursday, a gain of 1.5% on higher than average volume.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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