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
The post ThermoFisher to Acquire PPD for ~$17.4B first appeared on PharmaShots.
