Thermo Fisher Scientific Extends The Expiration Of Tender Offer For All Outstanding Common Shares And ADSs Of Olink
Portfolio Pulse from Benzinga Newsdesk
Thermo Fisher Scientific Inc. (NYSE:TMO) has extended the expiration of its tender offer for all outstanding common shares and ADSs of Olink Holding AB until December 14, 2023. The offer price is $26.00 per share, in cash. As of November 30, 2023, approximately 95.2% of Olink's outstanding shares have been tendered. The completion of the offer is subject to certain conditions as described in the tender offer statement filed with the SEC.
December 01, 2023 | 1:02 pm
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Thermo Fisher's extension of the tender offer for Olink shares indicates a nearing completion of the acquisition with 95.2% shares already tendered.
The extension of the tender offer and the high percentage of shares already tendered suggest a positive outlook for the acquisition's completion. This could potentially be beneficial for Thermo Fisher's market position and future earnings, likely leading to a positive short-term impact on TMO's stock price.
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