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EU: General Electric gains from Thermer Fisher concessions

By  |  January 6, 2014

While the European Commission eventually cleared scientific technology firm Thermo Fisher’s buyout of Life Technologies last November, the regulator required concessions from the deal, ones that have been announced this week.

Reports say Thermo Fisher has formally agreed to sell three of its units to General Electric’s healthcare business, a deal amounting to $1.06 billion. GE will acquire the cell culture, gene modulation and magnetic beads businesses, according to reports.

Thermo Fisher said it is not anticipating any more forced sell-offs following its merger.

Full Content: Reuters

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