Canada echoed the announcement, saying it approved the proposed deal on similar terms.
The FTC reported that Abbott agreed to divest a blood gas testing system to Siemens Aktiengesellschaft, which also agreed to buy two Alere facilities in Ottawa. Quidel Corp. is slated to buy Abbott’s heart function testing system biz and an Alere facility in San Diego.
Alere’s shares were up 3.5% today, trading at $50.61 apiece in mid-afternoon activity, while Abbott was up 3% at $53.72 per share.
Also today, Alere agreed to pay more than $13 million to settle SEC charges that it committed accounting fraud.
Material from Reuters was used in this report.