Waltham, MA-based Thermo Fisher Scientific (NASDAQ: [[ticker:TMO]]), a provider of products and services for labs, announced that it has acquired Sweden-based Phadia from the European private equity firm Cinven for about $3.5 billion in cash. The acquisition of Phadia, which provides allergy and autoimmunity diagnostic products, is expected to close fourth quarter 2011 and will likely be immediately accretive to Thermo’s adjusted earnings per share, the company said.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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