Siemens Medical Solutions announced that it has received approval by the European Commission for the acquisition of U.S.-based laboratory diagnostics company Dade Behring.
Erlangen, Germany-based Siemens expects the purchase to close on October 31. Antitrust clearance from the U.S. government was granted on September 17. The transaction is valued at approximately $7 billion.
By AuntMinnie.com staff writers
October 25, 2007
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