Antitrust Lawyer Blog Commentary on Current Developments

FTC Approves Proposed Divestiture in Matter of Thermo Electron Corporation

On March 30, the FTC approved a petition for proposed divestiture from Thermo Electron Corporation (“Thermo”). Under the consent agreement and order with the FTC regarding Thermo’s proposed acquisition of Fisher Scientific International, Inc., the respondent was required to divest the high-performance centrifugal vacuum evaporators (“CVE”s) assets, to a Commission-approved buyer. In its petition, Thermo requested FTC approval to divest the CVE assets to Riverlake Equity Partners, L.P. and, in part owing to the acquisition of certain indirect ownership interests, to MVC Capital, Inc. By a vote of 5-0, the Commission approved the proposed divestiture.
Robert Doyle
(202) 589-1834

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