Thermo Fisher to offer $1.5 billion of its common stock; all of the shares in the offering are to be sold by Thermo Fisher (177.35 +1.02)
Thermo Fisher intends to use all of the net proceeds of the offering to fund a portion of the consideration payable for its acquisition of Patheon N.V. (NYSE: PTHN), including the repayment of indebtedness of Patheon N.V. to be assumed by Thermo Fisher. As announced in a separate press release issued today, Thermo Fisher now expects to complete the transaction around the end of the third quarter of 2017