Saturday, July 31, 2010

Millipore says evaluating vital alternatives

Tue Feb 23, 2010 11:45pm EST Related News Thermo Fisher in $6 billion bid for Millipore: sourceMon, Feb 22 2010UPDATE 3-Thermo Fisher in $6 bln bid for Millipore-sourceMon, Feb 22 2010 Stocks & &

(Reuters) - Millipore Corp (MIL.N), which is under a $6 billion takeover offer from U.S. laboratory equipment maker Thermo Fisher Scientific Inc (TMO.N), said it hired Goldman Sachs as an advisor in evaluating "strategic alternatives."

Deals&&&&Inflows Outflows

A source familiar with the situation told Reuters on Monday Thermo Fisher Scientific Inc (TMO.N) has offered to buy Millipore Corp, [ID:nN22198210]

Millipore said it not has set a definitive timetable for completion of its evaluation.

It has engaged Goldman Sachs as its financial advisor and Cravath, Swaine Moore LLP as its legal advisor, it said in a statement.

Millipore, which has a market capitalization of about $4 billion, makes filters and purifiers for laboratory water and other materials used in making biotechnology drugs.

(Reporting by Sakthi Prasad in Bangalore; Editing by Kazunori Takada)

Deals Inflows Outflows

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