ADVFN - Advanced Financial Network.
HOME» NYSE » T » TMO Stock Price » TMO Stock News

Thermo Electron Share News

 Thermo Fisher Scientific Stock Price
TMO Stock Price
 Thermo Fisher Scientific Stock Chart
TMO Stock Chart
 Thermo Fisher Scientific Stock News
TMO Stock News
 Thermo Fisher Scientific Company Information
TMO Company Information
 Thermo Fisher Scientific Stock Trades
TMO Stock Trades

Thermo Fisher To Buy Doe & Ingalls For $175 Million Cash

DOW JONES NEWSWIRES Thermo Fisher Scientific Inc. (TMO) has agreed to buy Doe & Ingalls Management LLC for $175 million in cash, as the supplier of analytical technologies and laboratory products continues its acquisition spree. Doe & Ingalls provides specialty production chemicals and related services to the biopharmaceutical and microelectronics industry. The company generated revenue of $110 million in 2011. Thermo Fisher, which recently reported its first-quarter earnings rose 10% on a revenue rise from all segments, has seen strong sales growth over recent quarters, aided by acquisitions and its expansion into Asia-Pacific markets. Last year, the company agreed to buy closely held allergy-testing company Phadia AB for $3.5 billion. "Doe & Ingalls will strengthen our value proposition by adding products and services that address the production market within our extensive customer base, which we have historically served primarily from a research perspective," said Thermo Fisher's Chief Executive Marc N. Casper. The deal comes amid a heated battle for acquisitions in the laboratory equipment sector. Earlier this week, Hologic Inc. (HOLX) agreed to acquire test-maker Gen-Probe Inc. (GPRO) in a $3.7 billion deal intended to expand the health-products company's diagnostics business. Doe & Ingalls will be part of Thermo Fisher's customer channels business within its laboratory products and services segment. Shares of Thermo Fisher were down fractionally in recent trading to $55.53. Through Monday's close, the stock was up 23% so far this year. -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com

Stock News for Thermo Electron (TMO)
DateTimeHeadline
05/29/201416:18:41Thermo Fisher Plans to Sell Lab Unit Cole-Parmer -Bloomberg
05/01/201407:40:14T-Mobile Posts Big Gain in Subscribers
04/14/201411:00:14T-Mobile to Eliminate Overage Charges on Consumer Plans
04/02/201419:50:49Correction to Blackberry Story
04/02/201418:12:12Blackberry Move to Sever Ties With T-Mobile a Shift in Strategy
02/03/201421:20:16FCC Head Skeptical of Wireless Consolidation
01/31/201413:00:17EU Clears GE to Buy Thermo Fisher Divestment Business
01/31/201412:48:28EU Clears General Electric to Buy Thermo Fisher's Divestment...
01/30/201406:29:49Thermo Fisher Scientific 4th-Quarter Revenue Up; All Units Post...
01/06/201416:42:20U.S. Hot Stock Futures: Hot Stocks to Watch
01/06/201413:42:13GE Healthcare Pays $1.06 Billion for Thermo Fisher Units
01/06/201412:09:44GE Healthcare to Acquire Thermo Fisher Units in $1.06 Billion...
01/03/201410:00:07AT&T to Offer T-Mobile Customers Up to $450 for Switch
12/23/201314:17:13T-Mobile Austria Set Back in Complaint Over Frequency Auction
11/26/201308:21:01Thermo Fisher Gets European Approval for Life Technologies Deal
11/15/201309:19:39Omega Advisors 3Q 13F: Largest Purchases
11/15/201309:19:36Omega Advisors 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-

Thermo Electron and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad