Thermo Fisher Sends $1B In Assets To GE In Deal With EU

Law360, New York (January 6, 2014, 12:57 PM EST) -- Thermo Fisher Scientific Inc. said Monday it will net $1.06 billion from General Electric Co.'s health care subsidiary for a trio of units it agreed to sell in order to seal antitrust approval for a separate transaction that will make it a powerhouse in the lucrative genetic-sequencing market.

The European Commission in November signed off on Thermo Fisher's blockbuster $13.6 billion Life Technologies Corp. buyout on the condition that the Massachusetts-based company unload its cell culture, gene modulation and magnetic beads businesses. Regulators had worried the...
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