Thermo Fisher Scientific Inc , the world's largest laboratory equipment maker, has won U.S. antitrust approval to purchase California's Life Technologies Corp on the condition that some assets are sold, the Federal Trade Commission said on Friday.The deal was valued at $13.6 billion when it was announced in April.The commission said the companies agreed to sell a Thermo Fisher business, based in Massachusetts, that makes siRNA reagents used to study gene function. It must also sell businesses that make cell culture media like salts and sugars, and cell culture sera, derived from animal blood and used to grow mammalian cells.GH Health will purchase the divested businesses, the FTC said.
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 3679586.
Thermo Fisher Scientific Inc. (Thermo Fisher) is engaged in serving science. Shares of TMO traded higher by 0.18% or $0.21/share to $115.20. 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 1347204.
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