Acquisition of Shanghai Lifei Information & Technology Company by Thermo Fisher Scientific Inc. approved.

On January 14, the Chinese Ministry of Commerce conditionally approved the acquisition of Shanghai Lifei Information & Technology Company by Thermo Fisher Scientific Inc.
59 relevant products including molecular biology, protein biology and cell culture technology in biotechnology industry were involved. The Ministry of Commerce has carried out, by the use of method for quantitative analysis and market survey, in-depth researches on the influence of M&A on market competition. The result shows that the M&A may exclude or restrict competition in cell culture products, sequence specific primers (SSP) kit, protein standards for SDS-PAGE and small interfering RNA (siRNA) reagent markets.
Therefore, the Ministry of Commerce held several rounds of negotiations with the applicants to solve the above problems and finally approved this acquisition with additional restrictive conditions in line with remedy measures proposed by the applicants.
Source: http://english.mofcom.gov.cn/article/newsrelease/significantnews/201401/20140100465371.shtml

Advertisements

Leave a comment

Filed under Legal spotlight

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s