ThermoFisher to Acquire PPD for ~$17.4B

 ThermoFisher to Acquire PPD for ~$17.4B

ThermoFisher to Acquire PPD for ~$17.4B

Shots:

  • 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

Click here to­ read full press release/ article | Ref: Thermo Fisher | Image: Medical Device and Diagnostic Industry

Tuba Khan

Tuba Khan is Senior Editor at PharmaShots. She is curious, creative, and passionate about recent updates and innovation in the Life sciences industry. She covers Biopharma, MedTech, and Digital health segments. Tuba also has an experience of digital and social media marketing and runs the campaigns independently. She can be contacted on tuba@pharmashots.com

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