Laboratory Corp. of America (LH) Higher on Private Equity Takeover Report

August 1, 2012 7:25 AM EDT
Shares of Laboratory Corp. of America Holdings (NYSE: LH) are stronger early Wednesday following reports from Mergermarket that the company may be the target of a takeover bid from a private equity consortium.

TGP and Bain are two private equity firms that may team up to launch a bid for the company. Although an equity check of $3-$4 billion could makes a deal a tall order.

Shares of LH look to open at least 6 percent higher.

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