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2 months ago
Thermo Fisher to buy Patheon for about $5.2 bln
May 15, 2017 / 11:17 AM / 2 months ago

Thermo Fisher to buy Patheon for about $5.2 bln

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May 15 (Reuters) - Thermo Fisher Scientific Inc, the world's largest maker of scientific instruments, said on Monday it would buy contract manufacturing company Patheon NV for about $5.2 billion in cash.

Thermo Fisher's offer of $35 per share represents a premium of about 35 percent to Patheon's Friday close.

The deal represents a purchase price of about $7.2 billion, which includes the assumption of about $2.0 billion of net debt, the companies said in a statement. (Reporting by Ankur Banerjee in Bengaluru; Editing by Shounak Dasgupta)

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