M&A
confidence high
sentiment positive
materiality 0.85
PerkinElmer to acquire BioLegend for $5.25B; expects $0.30 adjusted EPS accretion in first full year
REVVITY, INC.
- Purchase price ~$5.25B; 59.5% cash and 40.5% stock at $156.3561/share.
- BioLegend estimated 2022 revenues ~$380M with mid-teens-plus growth.
- Expected $0.30 adjusted EPS accretion in 1st full year, >$0.50 in 2nd year.
- Revenue synergies expected $100M annually by 5th year post-close; no significant cost synergies planned.
- Bridge financing of $3.3B committed by Goldman Sachs; no financing condition.