EU approves Thermo Fisher buy of Life Technologies

Nov 26, 2013

European regulators have approved scientific instrument maker Thermo Fisher Scientific Inc.'s $13.6 billion acquisition of Life Technologies Corp., on the condition that they divest parts of their businesses.

The European Commission said in a statement Thursday that the companies—both of which are based in the U.S.—have agreed to dispose parts of their businesses producing and supplying , "gene silencing" products and polymer-based magnetic beads.

The commission said it had cooperated with the U.S. Federal Trade Commission as well as parallel bodies in Japan, Australia, China and New Zealand during its investigation of the deal, which began in October.

Thermo Fisher is based in Waltham, Mass., while Life Technologies is headquartered in Carlsbad, Calif.

Explore further: Tech-industry perks long associated with Bay Area being replicated across LA

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Thermo Fisher to buy Life Technologies for $13.6B (Update)

Apr 15, 2013

Thermo Fisher Scientific Inc. has offered to pay about $13.6 billion to buy genetic testing equipment maker Life Technologies in a cash deal that will create a giant company serving research and specialty diagnostics.

Intel says FTC approves McAfee acquisition

Dec 21, 2010

Intel said Tuesday that US anti-trust regulators have cleared its 7.68-billion-dollar acquisition of computer security firm McAfee but the deal is still being examined in Europe.

EU: China may be dumping mobile network equipment

May 15, 2013

(AP)—A senior EU official says China may be illegally dumping and subsidizing the import into Europe of mobile telephone networks and their essential elements. But Competition Commissioner Karel De Gucht says an official ...

Recommended for you

Will Apple Pay be mobile pay's kick-start?

3 hours ago

If anyone can get us to use our smartphones as wallets, it's Apple. That's what experts think about the recent launch of Apple Pay, the first mobile wallet to work on an iPhone.

Google execs discuss regulation, innovation and bobble-heads

5 hours ago

Eric Schmidt and Jonathan Rosenberg help run Google, one of the world's best-known, most successful - and most controversial - companies. They've just published a new book, "How Google Works," a guide to managing what they ...

LinkedIn reports 3Q loss but sales climb

6 hours ago

LinkedIn Corp. posted a third-quarter loss on Thursday, but its results were better than expected as revenue grew sharply, sending shares of the online professional networking service higher in extended trading.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.