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Thermo Fisher Buys Life Technologies; Aims to Grow in Asia

publication date: Apr 16, 2013
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Thermo Fisher emerged as the victor in the hotly contested battle to acquire Life Technologies, paying a higher than expected $13.6 billion for the privilege. Both companies are in the lab products business, but Life Technologies adds gene sequencing machines to the mix. In addition, both companies are actively working to increase their China revenues, and combining the two companies was positioned as a way to gain better traction in emerging markets, especially Asia. More details....

Stock Symbols: (NYSE: TMO) (NSDQ: LIFE)

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