Danaher Corp. climbed to the highest price since 1980 after agreeing to pay $6.8 billion for diagnostic-equipment maker Beckman Coulter Inc. amid higher demand for medical tests from an aging U.S. population.
The estate of investment adviser Stanley Chais must face claims by the trustee liquidating Bernard L. Madoff Investment Securities LLC that Chais and related entities fraudulently received more than $1 billion as “insiders” of Madoff’s Ponzi scheme.
If Danaher Corp.’s $7 billion deal for Beckman Coulter Inc. at a price that would have had the leveraged buyout crowd salivating four years ago reveals anything, it’s that private equity firms haven’t recovered from a takeover spree that still has investors waiting for returns.
KKR & Co. dropped out of a bidding group for lab-equipment maker Beckman Coulter Inc. , leaving TPG Capital and Blackstone Group LP to come up with extra funding or find another investor, said three people with knowledge of the matter.
Danaher Corp., Thermo Fisher Scientific Inc. and several private-equity firms are among those considering offers for laboratory-equipment maker Beckman Coulter Inc. , three people with direct knowledge of the matter said.