Thermo Fisher Sheds 3 Units, Earns EU Nod On Life Tech Buy

Law360, New York (November 26, 2013, 2:28 PM EST) -- The European Union's antitrust watchdog on Tuesday announced its approval of Thermo Fisher Scientific Inc.’s $13.6 billion acquisition of Life Technologies Corp., after the buyer agreed to divest three units to ease concerns about the merged entity cornering the markets for some supplies to medical laboratories.

The European Commission, which began reviewing the transaction last month, signed off on the buyout after Massachusetts-based Thermo Fisher agreed to sell off its businesses that produce cell cultures, gene-silencing products that inhibit a particular gene to get a better...
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