Tech
Agilent Gets OK From EU to Buy Varian
BRUSSELS (TheStreet) -- Agilent's (A) acquisition of Varian(VARI) has received approval from the European Commission but the companies were required to sell off certain assets to alleviate antitrust concerns.
Agilent will sell its entire micro/portable gas chromatography instrument business and Varian will divest itself of its laboratory gas chromatography, triple quadrupole gas chromatography-mass spectrometry and inductively coupled plasma-mass spectrometry instrument businesses, the EU said in a statement Thursday. "After market testing the proposed commitments, the Commission concluded that they would remove the competition concerns identified and ensure that effective competition would not be impeded as a result of the proposed transaction," the EU said. Agilent agreed to buy Varian for $1.5 billion in July. -- Reported by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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