Thermo Fisher Scientific Extends The Expiration Of Tender Offer For All Outstanding Common Shares And ADSs Of Olink For $26.00 Per Share And Per ADS, In Cash
Portfolio Pulse from Benzinga Newsdesk
Thermo Fisher Scientific Inc. has extended its tender offer for all outstanding common shares and ADSs of Olink Holding AB at $26.00 per share/ADS, in cash. The offer, now expiring on January 3, 2024, has seen approximately 97.1% of Olink's outstanding shares tendered. The extension does not require action from shareholders who have already tendered their shares. Completion of the offer is subject to conditions outlined in the tender offer statement filed with the SEC.
December 15, 2023 | 1:09 pm
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POSITIVE IMPACT
With 97.1% of shares tendered, the extended offer by Thermo Fisher may continue to support Olink's share price at or near the offer price of $26.00 per share/ADS.
Given the high percentage of shares tendered, it's likely that Olink's share price will remain supported at or near the offer price until the tender offer's expiration, barring any unforeseen circumstances.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Thermo Fisher's extension of the tender offer for Olink shares may indicate confidence in the acquisition's completion, potentially reinforcing investor sentiment.
The extension of the tender offer and the high percentage of shares already tendered suggest a strong likelihood of the acquisition's success. This could be viewed positively by investors as it may lead to synergies and growth opportunities for Thermo Fisher.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80