China's Commerce Ministry said it had approved U.S.-listed laboratory equipment maker Thermo Fisher Scientific Inc's $13.6 billion takeover of Life Technologies Corp, subject to certain conditions. The conditions are that Thermo Fisher cut the prices of two types of its products sold in China, sell its cell culture and gene adjustment businesses, and its stake of 51 percent in China's Lanzhou National Hyclone Bio-engineering Co Ltd.
Life Technologies Corporation (Life Technologies) is a global life sciences company. Shares of LIFE traded higher by 0.09% or $0.07/share to $75.95. In the past year, the shares have traded as low as $53.50 and as high as $75.95. On average, 1128740 shares of LIFE exchange hands on a given day and today's volume is recorded at 2159672.
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