Thermo Fisher applies to acquire Life Technologies in US$13.6 bln global merger

Thu, 07 Nov 2013

Nov. 8 (BusinessDesk) - Thermo Fisher Scientific has applied to the local regulator to acquire Life Technologies Corp as part of a US$13.6 billion global merger of the life sciences firms. The two companies produce a range of products for scientific applications, and have an overlap in cell culture, transplant diagnostics, protein and molecular biology, the Commerce Commission said in a statement. The regulator has to be satisfied the merger would be unlikely to substantially lessen competition in the market. “A key product in which the pa...

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