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Friday, January 31, 2014

US okays Thermo Fisher buy of Life Tech; must sell some assets, (NASDAQ: LIFE), (NYSE: TMO)

Thermo Fisher Scientific Inc , the world's largest laboratory equipment maker, has won U.S. antitrust approval to purchase Life Technologies Corp on condition of some asset sales, the Federal Trade Commission said on Friday. The deal was valued at $13.6 billion when it was announced in April.

Life Technologies Corporation (Life Technologies) is a global life sciences company. Shares of LIFE traded higher by 0.14% or $0.105/share to $76.06. 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 3013098.

Thermo Fisher Scientific Inc. (Thermo Fisher) is engaged in serving science. Shares of TMO traded higher by 0.26% or $0.3/share to $115.29. 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 1195431.



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