Thermo Fisher Scientific Extends Expiration Of Tender Offer For All Outstanding Common Shares And ADSs Of Olink From Oct. 17, 2023 To June 18, 2024
Portfolio Pulse from Benzinga Newsdesk
Thermo Fisher Scientific has announced the extension of its tender offer for all outstanding common shares and ADSs of Olink. The offer, initially set to expire on October 17, 2023, has been extended to June 18, 2024. This move indicates Thermo Fisher's continued interest in acquiring Olink and provides additional time for the completion of the tender offer process.
May 01, 2024 | 12:20 pm
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Thermo Fisher Scientific's extension of the tender offer for Olink shares indicates a strategic move to ensure the acquisition's success. This extension could signal confidence in the deal's completion, potentially affecting investor sentiment positively.
The extension of the tender offer period by Thermo Fisher Scientific for Olink's shares and ADSs is a strategic decision likely aimed at overcoming any regulatory or logistical hurdles that could delay the acquisition. This move may be viewed positively by investors as it demonstrates Thermo Fisher's commitment to completing the acquisition, potentially leading to positive sentiment towards TMO's stock in the short term.
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