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 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.
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.
Thermo Fisher Scientific to Acquire Solventum's Filtration Unit, Confirming WSJ Report
Thermo Fisher Scientific agreed to acquire Solventum's purification and filtration business for $4.1 billion in cash, confirming a report first made in The Wall Street Journal.
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.
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
Thermo Fisher Strikes Deal for Solventum’s Filtration Unit
Thermo Fisher Scientific said Tuesday it is buying Solventum’s purification and filtration business, confirming an earlier report by The Wall Street Journal. Thermo Fisher said it is paying about $4.1 billion in cash for the business.
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