Thermo Electron, Fisher Scientific to merge

Thermo Electron has agreed to buy Fisher Scientific International in a $10.6 billion stock deal that creates a major force in the laboratory supply business. Thermo CEO Marijn Dekkers will become CEO of the merged company and Paul Meister will be chairman. Analysts say this will be the first lab supply company to offer both chemical powders and lab equipment. Analysts say there is little overlap between the two companies, which should help ease the regulatory review of the merger.

- read the AP article for more