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Wednesday, January 12, 2011

Thermo Fisher to pursue sale of lab-testing units: Bloomberg, (NYSE: TMO), (NASDAQ: DNEX)

Thermo Fisher Scientific Inc (TMO.N), a maker of scientific instruments, is pursuing a sale of two lab-testing divisions that may fetch up to $1 billion, Bloomberg said, citing three people familiar with the matter. Thermo Fisher has hired Goldman Sachs to handle the sale of Athena Diagnostics, which may be sold for $600-$700 million, and Barclays Capital to help it sell Lancaster Labs, which may fetch $200-$300 million, Bloomberg said. In December, Thermo Fisher agreed to buy Dionex Corp (DNEX.O) for $2.1 billion to broaden its lab equipment and environmental safety offerings and boost its presence in Asia. [ID:nN13136411] Thermo Fisher was not immediately available for comment outside of regular U.S. business hours. (Reporting by J

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