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Thermo Fisher Sells Units For $940M

Thermo Fisher Scientific will sell its Athena Diagnostics and Lancaster Laboratories businesses for a combined $940 million.

    Thermo Fisher Scientificwill sell itsAthena DiagnosticsandLancaster Laboratoriesbusinesses for a combined $940 million,The Wall Street Journalreports. The Massachusetts-based life sciences company will sell Athena to New Jersey-basedQuest Diagnosticsfor $740 million.

    Thermo FisherwillalsosellLancaster Laboratories to Belgium’sEurofins Scientificfor $200 million. The transactions are expected to be completed in the second quarter of this year.

    Click here for the story fromThe Wall Street Journal.

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