Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. You can follow him on Twitter @TomiKilgore.
Thermo Fisher Scientific Inc. TMO, +1.18% announced Tuesday an agreement to buy Sweden-based proteomics company Olink Holding AB OLK, +0.47% in a deal that values Olink at about $3.1 billion, including $143 million in cash. Olink’s stock was halted for news until 8:50 a.m. Eastern, while Thermo Fisher share shed 1.5% in premarket trading. Under terms of the deal, Thermo Fisher will pay $26 in cash for each Olink common share outstanding, which represents a 73.
The deal is expected to close by mid-2024. Thermo Fisher expects to realize about $125 million in adjusted income from revenue and cost synergies by the fifth year after the deal closes. “The acquisition of Olink underscores the profound impact that proteomics is having as our customers continue to advance life science research and precision medicine,” said Thermo Fisher Chief Executive Marc Caspe.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fishers mom shares story of loss, bringing awareness to infant mortality13News reporter Matthew Fultz talks with people involved in the construction of the new hospital and what it means for the east side.
Weiterlesen »
Stock Market Today: Stocks steady, oil slips as markets eye middle east tensionsInvestors are looking ahead cautiously to a busy week on Wall Street as tension in the middle east escalate and inflation concerns continue to clip sentiment.
Weiterlesen »
Week 7 Trades: Stock Up, Stock DownWhile Travis Etienne has been a hot fantasy commodity, a trio of prized receivers are causing stress.
Weiterlesen »
Crude oil slips lower; underlying tone positive on Middle East tensionsCrude oil slips lower; underlying tone positive on Middle East tensions
Weiterlesen »
| Shell PLC Stock Quote (U.K.: London)SHEL | Complete Shell PLC stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Weiterlesen »
Take Comfort in All Things Silky, Fluffy, and Otherwise Irresistible This SeasonFrom delicate slips to wonderfully woolly outerwear, Lila Moss embraces the soft stuff.
Weiterlesen »