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The Boston Globe

Business

Thermo Fisher nears $12.8 billion deal

Company gains exclusive negotiating right for Life Technologies

NEW YORK — Thermo Fisher Scientific Inc. emerged as the leading bidder for Life Technologies Corp. Sunday, having won exclusive negotiating rights with a bid for more than $75 a share, said two people familiar with the matter.

Negotiators hope to finish a deal and announce it before the stock market opens in New York tomorrow, but the sources said an agreement is not imminent. The bid by Thermo Fisher, a life-sciences conglomerate based in Waltham, would value Life Technologies at about $12.8 billion.

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