Thermo Fisher buys Solventum's purification and filtration business for $4.1 billion
Contract drug manufacturer Thermo Fisher Scientific said on Tuesday it will buy Solventum's purification and filtration business for about $4.1 billion, sending the latter's shares up around 9%. The deal should allow Thermo to enter the filtration category in bioprocessing,
Thermo Fisher inks $4 billion deal to buy former 3M filtration business
Waltham-based Thermo is buying the business from Solventum, a Minnesota-based company that spun off from manufacturing conglomerate 3M roughly one year ago.
Thermo Fisher to buy Solventum’s purification and filtration unit for $4.1B
Wall Street applauded the deal, sending shares of Solventum, the 3M spinoff, up 10% on Tuesday.
Solventum Stock Jumps After $4.1B Deal With Thermo Fisher
Shares of Solventum jumped Tuesday and led S&P 500 gainers intraday after medical device maker Thermo Fisher Scientific said it would acquire the company’s purification and filtration business for $4.
Solventum Corp. sells unit to Thermo Fisher for $4.1B
Solventum Corp., 3M’s medtech spinoff, has sold its purification and filtration business to Massachussetts-based Thermo Fisher Scientific for approximately $4.1 billion.
Thermo Fisher spending $4.1B for purification and filtration business
Thermo Fisher Scientific has a market capitalization of about $203.5 billion. Shares (NYSE: TMO) at midday Wednesday were trading around $532, which is near the bottom of their 52-week range.
Thermo Fisher Scientific Inc. stock falls Wednesday, underperforms market
Shares of Thermo Fisher Scientific Inc. TMO slid 1.16% to $533.29 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.01% to 5,
BofA sees acquisition of Solventum’s P&F biz as ‘nice deal’ for Thermo Fisher
BofA notes that Thermo Fisher (TMO) announced that it has entered into a definitive agreement with Solventum (SOLV) to acquire their
Solventum sells purification business for $4.1B to pay down debt
M health care spinoff Solventum is selling its purification business to Thermo Fisher Scientific for $4.1 billion in cash to pay down its billions in outstanding debt. Solventum CEO Bryan Hanson said in a news release that the sale,
Thermo Fisher Beefs Up in Bioprocessing With $4B Acquisition of Solventum Biz Segment
Thermo Fisher Scientific is expanding its life sciences portfolio by acquiring a division of Solventum that provides technologies and products used in the manufacturing of biologic drugs. Under deal terms announced Tuesday,
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