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ThermoFisher to Acquire PPD for ~$17.4B

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ThermoFisher to Acquire PPD for ~$17.4B

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  • ThermoFisher to acquire PPD for $47.50/share making a total purchase price of $17.4B along with ~$3.5B of net debt with a premium of ~24% to the closing price of PPD's common stock as of Apr 13- 2021. The transaction is expected to be completed by the end of 2021
  • The acquisition expands ThermoFisher’s service offering to pharma and biotech customers with the addition of highly complementary services
  • The acquisition is expected to add $1.40 to Thermo Fisher's adjusted earnings per share in the first 12 months after the deal closure

  Ref: Thermo Fisher | Image: Medical Device and Diagnostic Industry

Click here to­ read the full press release 

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