Thermo Fisher Scientific Commences Tender Offer For All Outstanding Common Shares And American Depository Shares Of Olink; Shareholders To Receive $26 Per Common Share And ADS In Cash
Portfolio Pulse from Benzinga Newsdesk
Thermo Fisher Scientific Inc. (TMO) has commenced a tender offer to acquire all outstanding common shares and American Depositary Shares (ADSs) of Olink Holding AB (OLK) for $26.00 per share and per ADS, in cash. The offer will expire on November 30, 2023, unless extended or terminated earlier. Olink's board of directors has recommended that shareholders accept the offer. Summa Equity AB, Olink's largest shareholder, and additional shareholders and management, holding approximately 66% of Olink's shares, have agreed to tender into the offer.
October 31, 2023 | 12:46 pm
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POSITIVE IMPACT
Olink's shareholders are being offered a cash buyout at $26 per share, which is likely to have a positive impact on the stock price.
Tender offers often lead to an increase in the stock price of the target company as shareholders are being offered a premium to the current market price. The impact will depend on the acceptance of the offer by the shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Thermo Fisher is making a significant acquisition which could potentially expand its capabilities and market reach.
Acquisitions often lead to an increase in the stock price of the acquiring company due to the potential for increased market share and revenue. However, the impact will depend on the successful integration of the acquired company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100