Thermo Fisher to buy Patheon in $5.2 billion deal

on May15

An employee uses a Thermo Fisher Scientific Inc. X Series 2 inductively coupled plasma mass spectrometry machine to analyze copper concentrate samples inside the Central Geological Laboratory in Ulaanbaatar, Mongolia.

Brent Lewin | Bloomberg | Getty Images

An employee uses a Thermo Fisher Scientific Inc. X Series 2 inductively coupled plasma mass spectrometry machine to analyze copper concentrate samples inside the Central Geological Laboratory in Ulaanbaatar, Mongolia.

Thermo Fisher Scientific, the world’s largest maker of scientific instruments, said on Monday it would buy contract manufacturing company Patheon for about $5.2 billion in cash.

Thermo Fisher’s offer of $35 per share represents a premium of about 35 percent to Patheon’s Friday close.

The deal represents a purchase price of about $7.2 billion, which includes the assumption of about $2.0 billion of net debt, the companies said in a statement.

Bloomberg reported on the potential deal between the companies late on Sunday.

CNBC contributed to this report.



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