Thermo and Fisher Close Merger; Thermo Fisher Scientific Makes Its Debut

Thermo Electron and Fisher Scientific have wrapped up their $10.6 billion merger, the companies said today.

 

The resulting behemoth, Thermo Fisher Scientific, will be based in Waltham, Mass., and will trade on the New York Stock Exchange under the symbol "TMO."

 

It will have approximately $9 billion in revenues this year and 30,000 employees.

 

As expected, Thermo's shareholders wound up owning approximately 39 percent of the combined company while Fisher shareholders own approximately 61 percent, Thermo Fisher Scientific said.

 

The companies disclosed their plans to merge in May.

 

Source from GenomeWeb Daily News