Market Updates
Thermo Fisher Bids $6 Billion for Millipore
123jump.com Staff
22 Feb, 2010
New York City
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Thermo Fisher Scientific offered $6 billion to acquire Millipore Corp. Millipore surged 22% at close in New York trading.
[R]4:30 PM New York – Thermo Fisher Scientific offered $6 billion to acquire Millipore Corp. Millipore surged 22% at close in New York trading.[/R]
Thermo Fisher Scientific Inc made an unsolicited offer to acquire Millipore Corp for $6 billion.
Millipore Corp ((MIL)) soared at close 22.4% to $87.35 on the talks of impending buyout.
The scientific instruments and biopharmaceutical manufacturing company based Billerica, Massachusetts has retained Goldman Sachs as financial advisor according to unnamed sources and reported by Bloomberg.
Ron O’Brien at investor relations department of Thermo Fisher and Karen Hall at Millipore Corp declined to comment.
Thermo Fisher declined 2.3% to $48.10.
Thermo Fisher in 2009 generated revenues of $10 billion and earned $851 million and the company has 350,000 customers and 30,000 employees.
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