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

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