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Friday, January 31, 2014

General Electric gets EU okay to purchase Thermo Fisher units, (NASDAQ: LIFE), (NYSE: TMO)

U.S. conglomerate General Electric Co secured European Union regulatory approval on Friday to purchase three business units from U.S. laboratory equipment maker Thermo Fisher Scientific Inc. Thermo Fisher had to sell the three businesses in return for EU approval of its acquisition of Life Technologies.

Life Technologies Corporation (Life Technologies) is a global life sciences company. Shares of LIFE traded higher by 0.14% or $0.11/share to $76.07. In the past year, the shares have traded as low as $56.67 and as high as $76.03. On average, 1472850 shares of LIFE exchange hands on a given day and today's volume is recorded at 3082022.

Thermo Fisher Scientific Inc. (Thermo Fisher) is engaged in serving science. Shares of TMO traded higher by 0.37% or $0.43/share to $115.42. In the past year, the shares have traded as low as $71.60 and as high as $117.68. On average, 1768410 shares of TMO exchange hands on a given day and today's volume is recorded at 1200109.



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