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EU/US: $13.6B lab equipment merger approved after concessions

 |  November 26, 2013

The European Commission announced Tuesday the approval of US-based Thermo Fisher Scientific’s $13.6 billion buyout of Life Technologies Corp, a deal that would make Thermo Fisher the largest manufacturer of scientific and laboratory equipment in the world.

The Commission reportedly cleared the acquisition following Thermo Fisher’s agreement to sell-off three units operating in aspects of the market the regulator found to be at risk following the merger.

Following the buyout, reports say Thermo Fisher will also be one of two top genetic testing companies.

Full Content: Reuters

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