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EU: EC approves Merck KGaA’s €17 billion acquisition of Sigma-Aldrich

By  |  November 10, 2015

Merck KGaA’s planned $17 billion acquisition of Sigma-Aldrich is set to be completed on November 18 following final approval of the blockbuster deal by the European Commission, the life sciences tools and technologies giant said today.

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    The EC approval followed its determination that Honeywell was a suitable buyer of Sigma-Aldrich’s laboratory research chemicals business. The divestment was directed by the EC in June as a condition for its approval of Sigma-Aldrich’s acquisition by Merck, first announced in September 2014.

    Last month, Honeywell said it would acquire parts of Sigma-Aldrich’s solvents and inorganics operationsfor about €105 million. Honeywell said the deal would build on its existing portfolio of Burdick & Jackson® high-purity solvents and reagents.

    Honeywell’s announcement came almost a month after Sigma-Aldrich said it expected the Merck acquisition to close by the end of November.

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