China Conditionally OKs Thermo Fisher's $14B Life Tech Buy

Law360, New York (January 16, 2014, 12:19 PM EST) -- China's competition regulator announced on Thursday that it has signed off on Thermo Fisher Scientific Inc.'s $13.6 billion acquisition of California-based Life Technologies Corp. after the purchaser agreed to divest its cell culture and gene modulation businesses.

The concessions agreed to by Thermo Fisher are along the same lines of those required to secure approval of the deal by European Union regulators late last year. The company is also required to make what it called "incremental conditions" that apply to its business units with only minimal...
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