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Thursday, January 6, 2011

Beckman cancels presentation at JPMorgan conference, (NYSE: BEC), (NYSE: BX), (NYSE: KKR)

Beckman Coulter Inc (BEC.N), said to be on the auction block, has canceled its presentation at JPMorgan Healthcare conference, the industry's premier event for investors, the bank said. Sources told Reuters earlier this week that private equity firms were pairing up in the bidding for the medical test maker as an auction progresses. Blackstone Group LP (BX.N) and Kohlberg Kravis Roberts & Co (KKR.N) are joining up, sources said, while Apollo [APOLO.UL] and Carlyle [CYL.UL] also remain in the auction and are likely to team up. [ID:nN04245454]