Siemens jumps hurdles to acquire Dade

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The European Commission publicized its inquiry deadline for Siemens’ proposed $7 billion acquisition of Dade Behring Holdings, a diagnostic products developer of Deerfield, Ill. The deadline is set for Oct. 25.

On July 25, Siemens initiated an agreement to acquire all of the outstanding shares of Dade Behring for $77.00 per share in cash.

Siemens received U.S. antitrust clearance for the acquisition on Sept. 18.