EU Extends Agilent/Varian Antitrust Review On Commitments
22 Dezembro 2009 - 8:56AM
Dow Jones News
The European Commission Tuesday extended its antitrust review
into Agilent Technologies Inc.'s (A) proposed takeover of peer
Varian Inc. (VARI) by 10 working days due to commitments offered by
Agilent.
The $1.5 billion deal will allow Agilent, a U.S.-based supplier
of scientific instruments, to expand from industrial and life
sciences markets into nuclear-magnetic-resonance, imaging and
vacuum technology fields, the company said.
The commission wouldn't specify what Agilent's commitments are,
but these are often divestments in areas of high market
concentration.
The new deadline for the commission to either clear the deal or
launch a fully fledged antitrust probe has now been set for Jan.
20.
-By Peppi Kiviniemi and Carolyn Henson, Dow Jones Newswires; +32
2 741 1481; carolyn.henson@dowjones.com
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