On Air Now

Current Show

Sean Hannity   2:00 PM - 5:00 PM

Call Sean at 800-941-7326

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1320 AM Sioux Falls, SD 107.9 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
43° Feels Like: 39°
Wind: SSE 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 31°

Tomorrow

AM Clouds/PM Sun 66°

Fri Night

Mostly Clear 50°

Alerts

China approves Thermo Fisher, Life Tech deal with conditions

A view shows the headquarters of Life Technologies Corp in Carlsbad, California April 15, 2013. REUTERS/Mike Blake
A view shows the headquarters of Life Technologies Corp in Carlsbad, California April 15, 2013. REUTERS/Mike Blake

BEIJING (Reuters) - 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.

(Reporting by Koh Gui Qing and Xiaoyi Shao; Editing by Clarence Fernandez)

Comments