Thermo Fisher bid to acquire PPD comes under regulatory scrutiny in U.K.

  • The U.K. antitrust watchdog, the Competition and Markets Authority (CMA) announced on Friday the launch of an investigation into the proposed acquisition of PPD (NASDAQ:PPD) by Thermo Fisher Scientific (NYSE:TMO).
  • As part of the probe, CMA will consider whether the transaction impacts the level of competition in the U.K. 'To assist it with this assessment, the CMA invites comments on the transaction from any interested party," the regulator added. The invitation to comment closes on Nov. 01.
  • In April, Thermo Fisher (TMO) agreed to acquire PPD (PPD) for a total cash price of $17.4B plus net debt of $3.5B in what was considered at the time as the second largest transaction in the contract research space for 2021. The deal is expected to close by the end of the year.

    Over the current book year the company from Waltham could achieve a revenue around 36.09 billion USD (consensus estimates). This is hugely more than 2021's revenue of 32.22 billion USD.

    Historical revenues and results Thermo Fisher Scientific plus estimates 2021

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    The analysts expect for 2021 a net profit of 8.78 billion USD. For this year most of the analysts expect a profit per share of 22.19 USD. Based on this the price/earnings-ratio is 26.68.

    Per share the analysts expect a dividend of 97 cents per share. The dividend yield is then 0.16 percent. The average dividend yield of the health care companies equals a limited 1.27 percent.

    Thermo Fisher Scientific 's market capitalization is around 236.09 billion USD. 28

    At 22.10 the stock trades 2.28 percent higher at 592.1 USD.

    Historical stock prices Thermo Fisher Scientific2007-2021

    stock price thermofisherscientific

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