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KKR Leaves Bidding for Beckman Coulter (BEC)

January 28, 2011 2:11 PM EST Send to a Friend
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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.

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