Source AP ©

Siemens to buy Dade Behring, EU says

The EU regulators cleared the deal by Siemens AG to buy U.S.-based Dade Behring Inc., creating the world's largest provider of clinical diagnostics tests that help medical laboratories diagnose cancer.

The European Commission said it did not see any antitrust problems with the deal and did not believe the new company would have the power to raise prices for labs or consumers because it would have several rivals with significant market shares.

Siemens, Europe's biggest engineering company which makes everything from cell-phone network components to trains, announced in July that it would buy Illinois-based Dade for US$7 billion (EUR5.09 billion), adding to similar businesses it bought last year, Diagnostic Products Corp. and Bayer Diagnostics.

Comments
Russia will not let NATO warships into Sea of Azov
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Is Putin guilty of the Kerch school massacre?
Is Putin guilty of the Kerch school massacre?
Putin blames globalisation for Kerch school shooting that claimed 21 lives
Russian opposition MPs accept pension reform without a fight
Russia delivers technologically advanced S-300 systems to Syria
"Nikki" Haley and the poisoner in the kitchen
US official lashes Europe for working on Nord Stream 2
Bill Clinton's Oval Office disgrace destroyed Yugoslavia
Russian opposition MPs accept pension reform without a fight
Putin: Russians will go to heaven in case of nuclear war
Putin: Russians will go to heaven in case of nuclear war
Russian 'spies' Petrov and Boshirov say they work in fitness industry
Is Putin guilty of the Kerch school massacre?