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Danaher gets FTC inquiry on MDS assets

Posted on November 4, 2009 9:30 AM
Danaher Corp., the maker of Craftsman tools and commercial, medical and industrial products, said Monday, Nov. 2, the Federal Trade Commission wants more information about its plan to buy MDS Inc.'s 50% stake in AB Sciex, co-owned by Life Technologies Corp., for a combined $1.1 billion.

The value of the deals, aimed at boosting Danaher's medical technology business, includes assumed debt and is net of cash acquired, the Washington-based conglomerate said.

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