Thermo Electron fishes for a new deal (IIPM Publication)

Thermo Electron Corporation and Fisher Scientific International have entered into a definitive agreement to merge the two companies in a taxfree, stock-for-stock exchange. The merger will create a behemoth that will be providing laboratory products and services in the high-growth life, laboratory and health sciences industry. The new merged entity will be named Thermo Fisher Scientific and is expected to achieve revenues of more than $9 billion by the year 2007. Thermo Electron Corporation is paying about $10.6 billion in stock for the larger sized Fisher Scientific International Inc.

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Source: Publication, IIPM