Abbott , GE Announce Contract Termination
By Labmedica staff writers
Posted on 17 Jul 2007
Abbott (Abbott Park, IL, USA) and General Electric (GE; Norwalk. CT, USA) have mutually agreed to terminate their contract for the sale of Abbott's core laboratory and point-of-care diagnostics businesses to GE. Posted on 17 Jul 2007
The two companies worked diligently to complete the transaction but were unable to reach agreement on final terms and conditions. As a result, they agreed it was in the best interests of both companies to terminate their agreement and discussions.
Abbott is a global, broad-based healthcare company devoted to the discovery, development, manufacture, and marketing of diagnostics, pharmaceuticals, and medical products, including nutritionals and devices.
GE possesses diversified technology with a large range of products for water processing and security, medical imaging, business and consumer financing, media content, and advanced materials.
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