M&A
confidence high
sentiment neutral
materiality 0.90
PerkinElmer closes $5.25B BioLegend acquisition; issues ~14.1M shares as stock consideration
REVVITY, INC.
- Aggregate purchase price ~$5.25B; paid 59.5% cash and 40.5% stock valued at $156.3561/share.
- Cash funded by $2.28B notes offering, $500M term loan draw, ~$300M revolver draw, and cash on hand.
- Transaction closed on September 17, 2021; previously announced on July 25, 2021.
- Issued 14,066,771 shares of common stock in a private placement to BioLegend stockholders.
- Financial statements and pro forma information to be filed by amendment within 71 days.