Mizuho Securities Raises Price Target as Thermo Fisher Scientific (TMO) Moves to Acquire FEIC
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Fitch: Thermo Fisher's Acquisition of FEI Company Within Expectations; No Rating Actions
May 27, 2016 12:33 PM EDTNEW YORK--(BUSINESS WIRE)-- The acquisition of FEI Company (FEIC; NASDAQ: FEIC) by Thermo Fisher Scientific Inc. (Thermo Fisher; NYSE: TMO) for approximately $4.2 billion (net of cash acquired) is in line with Fitch Ratings' expectations. Fitch has reviewed the transaction but is taking no ratings actions.
The acquisition appears to be strategically sound as FEIC's high-end electron microscopes broaden Thermo Fisher's offerings in its analytical instruments segment and present de minimus overlap with Thermo Fisher's existing products. FEIC's customers are presently somewhat concentrated in the academic end... More
Thermo Fisher Scientific to Acquire FEI Company
May 27, 2016 7:00 AM EDTLeading Electron Microscopy Platform Complements Mass Spectrometry Leadership to Accelerate Advancements in Structural Biology Creates New Opportunities to Expand Presence in Attractive Materials Science Market Proprietary, Global Services Business Generates High-Margin, Recurring Revenue Stream Delivers Attractive Financial Benefits; Expected to be Immediately Accretive to Adjusted Earnings Per Share (EPS)
WALTHAM, Mass. & HILLSBORO, Ore.--(BUSINESS WIRE)-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, and FEI Company... More
