M&A
confidence high
sentiment positive
materiality 0.80
Thermo Fisher to acquire Olink for $26/share, ~$3.1B total
THERMO FISHER SCIENTIFIC INC.
- Cash tender offer at $26/ADS, ~74% premium to Oct 16 close; transaction values Olink at ~$3.1B including ~$143M net cash.
- Expected close mid-2024; support agreements from >63% of Olink shareholders including largest shareholder Summa Equity.
- Olink projected >$200M revenue in 2024 with mid-teens organic growth; expected to be part of Thermo Fisher's Life Sciences Solutions segment.
- Transaction expected to be $0.17 dilutive to adjusted EPS in first full year, but $0.10 accretive excluding financing and equity comp.
- Thermo Fisher expects ~$125M adjusted operating income from synergies by year five.