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Thermo Fisher Scientific to Acquire Swedish Olink for USD 26/Share.

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Vincent

MANews-(C)2009-2023

Massachusetts, US-based serving science company Thermo Fisher Scientific Inc. (NYSE: TMO) has been approved to acquire Swedish-based proteomics solutions provider Olink Holding AB (NASDAQ: OLK) for USD 26.00 per common share in cash, representing USD 26.00 per American Depositary Share in cash, the company said.

This represents a premium of approximately 74% to the closing price of Olink's American Depositary Shares that trade on NASDAQ on October 16, 2023, the last trading day prior to the announcement of the transaction.

Thermo Fisher will commence a tender offer to acquire all of the outstanding Olink common shares and all of the American Depositary Shares.

The transaction values Olink at approximately USD 3.1bn, which includes net cash of approximately USD 143m.

The acquisition will enhance Thermo Fisher's capabilities in the high-growth proteomics market with the addition of highly differentiated solutions.

Olink complements Thermo Fisher's existing life...

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