LIFE: Barclay's Positive on Ion Torrent acquisition

LIFE (1-OW/Pos, $44.11, PT $60, $8.1b) T Butler - Positive on Acquisition - To acquire private sequencing co for $375m in cash & stock plus $350m in milestones through '12; structure provides optionality, new technology provides reduced cost of instruments & size of data output; cut eps '10 $3.46 to $3.43 (inline), '11 $3.82 to $3.79 (v $3.81).