U.K. Regulatory Issues Scupper Thermo Fisher's $925 Million Deal to Buy Roper Unit
June 10 2019 - 9:53AM
Dow Jones News
By Colin Kellaher
Thermo Fisher Scientific Inc.'s (TMO) $925 million deal to buy
Gatan Inc. from Roper Technologies Inc. (ROP) has been scrapped due
to regulatory challenges in the U.K.
Thermo Fisher last June agreed to buy Gatan, which makes
instrumentation and software used with electron microscopes, but
the companies in December said the deal was delayed as U.K.
regulators conducted a further review.
Thermo Fisher and Roper on Monday said they mutually terminated
the transaction, but they added that an existing agreement under
which Gatan supplies filter systems, cameras and software to Thermo
Fisher's electron microscopy business remains intact.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
June 10, 2019 09:38 ET (13:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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