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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Thermo Fisher Scientific Inc | NYSE:TMO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 15.10 | 2.61% | 593.03 | 594.025 | 578.81 | 580.17 | 1,328,834 | 01:00:00 |
From May 2023 to May 2024
By Colin Kellaher
Shares of Olink Holding surged in early trading Tuesday after the proteomics company agreed to be acquired by life-sciences giant Thermo Fisher Scientific in a deal worth $3.1 billion.
Thermo Fisher is paying $26 a share in cash for Olink, a 74% premium to Monday's closing price of $14.98 for the Uppsala, Sweden, company.
Olink shares were recently changing hands at $24.90, up 66%.
The takeover price is just below Olink's 52-week high of $26.47 reached last December.
Thermo Fisher said holders of more than 63% of Olink's shares, including top shareholder Summa Equity, have agreed to support the deal, slated to close in mid-2024.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 17, 2023 10:01 ET (14:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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