Thermo Fisher Scientific to Acquire Phadia for $3.5B

Thermo Fisher Scientific Inc. TMO today announced that it has signed a definitive agreement to acquire Phadia, a global leader in allergy and autoimmunity diagnostics, from European private equity firm Cinven, for €2.47 billion (or approximately $3.5 billion) in cash. The transaction, which is expected to be completed in the fourth quarter of 2011, is expected to be immediately accretive to Thermo Fisher's adjusted earnings per share1 and accretive by $0.26 to $0.30 per share in 2012.