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Thermo Fisher Gains China OK for Life Technologies Buy

publication date: Jan 16, 2014
Thermo Fisher received an OK from China’s Ministry of Commerce for its $13.6 billion acquisition of Life Technologies, moving the transaction one step closer to closing. China did impose some conditions on the approval: Thermo Fisher must dispose of its 51% share in a China JV, a vaccine company known as Lanzhou National Hyclone Bio-engineering; it must sell its cell culture and gene adjustment units; and Thermo Fisher was asked to lower the prices on two products in China. More details....

Stock Symbols: (NYSE: TMO) (NSDQ: LIFE)

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