Thermo Fisher Scientific to acquire PPD, Inc. in USD$17.4 billion purchase

Scientific instrument provider Thermo Fisher Scientific (MA, USA) has announced the acquisition of PPD, Inc. (NC, USA). In a total cash purchase of USD$17.4 billion through an acquisition of USD$47.50 per share, Thermo Fisher Scientific has announced its acquisition of PPD Inc. following the approval of a definitive agreement from its board of directors. A contract research organization, PPD offers services for clinical research and laboratories throughout the drug development process. With operations in almost 50 countries, the acquisition is hoped to bring a vital hub for innovation and productivity into Thermo Fisher’s Laboratory Products and Services Segment. You may...