Thermo Fisher Scientific falls on plans to acquire Olink Holding

Olink Holding AB (publ)

17/10/2023 15:41

** Shares of Medical equipment maker Thermo Fisher
Scientific Inc  TMO.N  down 0.6% at $485.75
    ** TMO to acquire Sweden-based provider of protein analysis
products Olink Holding AB  OLK.O  in a deal valued at $3.1 bln 
    ** Deal also includes net cash of about $143 mln
    ** TMO plans to fund transaction using its cash on hand and
debt financing; expects deal to be closed by mid 2024
    ** In first full year, deal is expected to be dilutive to
TMO's adj. EPS by $0.17
    ** TMO shares down 11.4% YTD


 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))