FTC OKs $650M Danaher-MDS Deal With Conditions

Law360, New York (January 27, 2010, 5:51 PM EST) -- The Federal Trade Commission has given the green light to Danaher Corp.’s proposed $650 million acquisition of MDS Inc.’s analytical technologies unit on the condition that Danaher sell assets related to MDS' laser microdissection business.

The FTC said Wednesday that the divestiture of MDS’ Arcturus brand of laser microdissection devices to Life Technologies Corp. would preserve competition in the North American market for the devices.

Washington-based Danaher and Toronto-based MDS are two of only four North American suppliers of such devices, which are used to separate...
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