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Private Equity Firms Teaming Up to Bid for Beckman Coulter (BEC) - Reuters

January 5, 2011 9:51 AM EST Send to a Friend
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According to a report from Reuters on Wednesday citing several people familiar with the matter, private-equity firms are coupling up to bid for Beckman Coulter (NYSE: BEC), as the auction for the medical test maker continues to a second round.

The sources cited state that Blackstone (NYSE: BX) and Kohlberg Kravis Roberts & Co. (NYSE: KKR) are teaming to bid for the company, while Apollo and Carlyle Group remain in the running to acquire Beckman.

Bain Capital had originally looked to team with Carlyle for a bid, but its interest has fallen after putting a bid in during the first round, according to the sources.

Beckman has hired Goldman Sachs Group Inc. (NYSE: GS) to advise the company on strategic options, including the potential sale of the company, which has a current market capitalization north of $5.28 billion.

Shares of Beckman Coulter are up 1.64 percent to $76.30 in early market movement on Wednesday.

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