KKR Leaves Bidding for Beckman Coulter (BEC)
Tweet Send to a Friend
KKR & Co. has dropped out of the bidding process for Beckman Coulter Inc. (NYSE: BEC), which leaves TPG Capital and Blackstone Group with extra funding needed to acquire the lab-equipment maker, according to a report from Bloomberg on Friday citing people familiar with the matter.
The next round of bidding for the company is due in early February.
Danaher Corp. (NYSE: DHR) and a private equity group that includes Apollo Group Management and Carlyle Group are also interested in Beckman.
The sources indicated that KKR left the TPG-Blackstone consortium over a week ago, over concerns that the company's price tag might get to high due to the presence of Danaher.
Shares of Beckman are down 45 cents to $71.35 in midday market movement on Friday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The next round of bidding for the company is due in early February.
Danaher Corp. (NYSE: DHR) and a private equity group that includes Apollo Group Management and Carlyle Group are also interested in Beckman.
The sources indicated that KKR left the TPG-Blackstone consortium over a week ago, over concerns that the company's price tag might get to high due to the presence of Danaher.
Shares of Beckman are down 45 cents to $71.35 in midday market movement on Friday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Bausch & Lomb near deal to sell to Valeant Pharmaceuticals (VRX) - WSJ
- SAP AG (SAP) talks to buy Jive Softwar (JIVE) ended- Bloomberg
- InterOil (IOC) Enters negotiations with ExxonMobil (XOM) on Development Of The Elk And Antelope Resource
Create E-mail Alert Related Categories
Corporate News, Mergers and Acquisitions, Private Equity, RumorsRelated Entities
The Carlyle Group
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
