Mizuho Securities Raises Price Target as Thermo Fisher Scientific (TMO) Moves to Acquire FEIC

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Fitch Affirms Ratings on Thermo Fisher (TMO) Amid Move to Acquire FEI Co. (FEIC)

May 27, 2016 12:35 PM EDT

The acquisition of FEI Company (Nasdaq: FEIC) by Thermo Fisher Scientific Inc. (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 markets. Thermo Fisher's strong presence in the... More

Streetinsider.com's Hot Lunchtime Reads 5/27: (DXCM) (TMO) (BRCD) (KITE)

May 27, 2016 12:07 PM EDT

The following is a list of notable articles to help get you through the lunch hour:DexCom (DXCM), Alere (ALR) Devices Set for FDA Panel Meetings ->... More

BTIG Affirms Thermo Fisher (TMO) at 'Neutral'; Sees Limited Cost Synergies in FEI Co. Deal

May 27, 2016 11:43 AM EDT

BTIG affirms its Neutral rating on Thermo Fisher Scientific, Inc. (NYSE: TMO) following news that it will acquire FEI Company in a $4.2 billion deal.

Analyst Dane Leone noted that... More

Notable M&A for 5/27: (TMO)/(FEIC) (VRX) (TEX)

May 27, 2016 10:02 AM EDT

*** Thermo Fisher Scientific Inc. (NYSE: TMO) and FEI (Nasdaq: FEIC) announced that their boards of directors have unanimously approved Thermo Fishers acquisition of FEI for $107.50 per share in cash. The transaction represents a purchase price of approximately $4.2 billion.

FEI designs, manufactures and supports high-performance electron microscopy workflows that provide images and information at micro-, nano- and picometer scales. Through its industry-leading offering, FEI enables customers across life sciences and materials science markets to make breakthrough discoveries and increase productivity. Based in Hillsboro, Oregon, FEI has more... More

Pre-Open Stock Movers 05/27: (RLYP) (TTNP) (FEIX) Higher; (HERO) (UNXL) (TEX) Lower (more...)

May 27, 2016 9:35 AM EDT

Today's Pre-Open Stock Movers:

Hercules Offshore, Inc. (Nasdaq: HERO) 48.5% LOWER; announced, following a review of its strategic alternatives led by a Special Committee comprised of all of its independent Board members, that the Company has entered into a... More

Thermo Fisher (TMO) to Acquire FEI Company (FEIC) in ~$4.2B Deal

May 27, 2016 7:02 AM EDT

Thermo Fisher Scientific Inc. (NYSE: TMO) and FEI (Nasdaq: FEIC) announced that their boards of directors have unanimously approved Thermo Fishers acquisition of FEI for $107.50 per share in cash. The transaction represents a purchase price of approximately $4.2 billion.

FEI designs, manufactures and supports high-performance electron microscopy workflows that provide images and information at micro-, nano- and picometer scales. Through its industry-leading offering, FEI enables customers across life sciences and materials science markets to make breakthrough discoveries and increase productivity. Based in Hillsboro, Oregon, FEI has more than... More