TMO Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. There mission is to enable customers to make the world healthier, cleaner and safer. With revenues of $13 billion, they have approximately 39,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. They create value for key stakeholders through three premier brands, Thermo Scientific, Fisher Scientific and Unity™ Lab Services, which offer a unique combination of innovative technologies, convenient purchasing options and a single solution for laboratory operations management. There products and services help customers solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity.
Thermo Fisher Scientific Inc. Update
Thermo Fisher nears $12.8 billion deal
Company gains exclusive negotiating right for Life Technologies
NEW YORK — Thermo Fisher Scientific Inc. emerged as the leading bidder for Life Technologies Corp. Sunday, having won exclusive negotiating rights with a bid for more than $75 a share, said two people familiar with the matter.
Negotiators hope to finish a deal and announce it before the stock market opens in New York tomorrow, but the sources said an agreement is not imminent. The bid by Thermo Fisher, a life-sciences conglomerate based in Waltham, would value Life Technologies at about $12.8 billion.
The deal would position Thermo Fisher strongly in DNA-sequencing markets and create a health-care technology giant with annual revenues of about $16 billion and 50,000 employees, according to published reports.
Life Technologies has been reviewing its options least three months, using Deutsche Bank AG and Moelis & Co. as advisers. Shares for the company, based in Carlsbad, Calif., have gained 24 percent since Jan. 17, the day before it publicly disclosed the strategic review. Life Technologies’ stock closed Friday at $68.
Executives had sought final bids by April 12, said the sources, who asked not to be identified because the process is private.
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Thermo Fisher Scientific to Hold Earnings Conference Call on Wednesday, April 24, 2013
WALTHAM, Mass.--(BUSINESS WIRE)--Apr. 3, 2013-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, announced that it will release its financial results for the first quarter 2013 before the market opens on Wednesday, April 24, 2013, and will hold a conference call on the same day at 8:30 a.m. EDT.
During the call, the company will discuss its first quarter financial performance, as well as future expectations. To listen, call (866) 804-6922 within the U.S. or (857) 350-1668 outside the U.S. and use conference ID 27442368. You may also listen to the call live on the “Investors” section of our website, www.thermofisher.com . The earnings press release and related information can be found in that section of our website under “Financial Results.” A replay of the call will be available under “Webcasts and Presentations” through Friday, May 17, 2013.
About Thermo Fisher Scientific
Thermo Fisher Scientific Inc. (NYSE: TMO) is the world leader in serving science. Our mission is to enable our customers to make the world healthier, cleaner and safer. With revenue of $13 billion, we have approximately 39,000 employees and serve customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental and process control industries. We create value for our key stakeholders through three premier brands, Thermo Scientific, Fisher Scientific and Unity Lab Services, which offer a unique combination of innovative technologies, convenient purchasing options and a single solution for laboratory operations management. Our products and services help our customers solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity. Visit www.thermofisher.com .
Source: Thermo Fisher Scientific Inc.
