Life Technologies selling their Applied Biosystems MS business

Not news of the conference, but a highly relevant announcement today. Life Technologies Corporation has signed a definitive agreement to sell its stake in its mass spectrometry business, operated as a joint venture, to Danaher Corporation for $450 million in cash. Danaher has also signed an agreement to acquire Life Technologies’ joint venture partner in the mass spectrometry business, MDS Analytical Technologies, a division of MDS Inc. The transaction is expected to close in the fourth quarter of 2009.

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