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Print Edition StoriesTuesday, February 23, 2010
Thermo mum on Millipore rumors
Companies born in the recession
Officials at Thermo Fisher Scientific would not confirm rumors that the company plans to buy Millipore Corp.
A spokesman said only that Thermo (NYSE: TMO) has been active in acquisitions over the past few months. Officials at Millipore couldn’t be reached.
Rumors swirled Tuesday about a potential merger between Waltham-based laboratory equipment maker Thermo Fisher and its competitor, Billerica-based Millipore.
A Bloomberg article quoted an unnamed source claiming that Thermo made an unsolicited takeover offer of $6 billion for Millipore.
Last month, Thermo Fisher Scientific agreed to buy Ahura Scientific, a Wilmington maker of tools for health and public safety uses for $145 million.
Thermo Fisher reported $850.3 million in net income on $10.1 billion in revenue for the year ending Dec. 31. It’s stock price slipped from about $49 per share to below $46 on Monday but climbed to about the $49 mark again in early trading today.
Millipore (NYSE: MIL) shares soared on reports of the takever, rising from $70 to more than $100 per share on Monday before settling around $90 Tuesday morning. Millipore ended 2009 with $1.65 billion in revenue and $177 million in net income.
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