Thermo Fisher Scientific, specializes in the field of scientific machinery for health-care services, as well as, creating chemical supplies and medical services for hospitals and scientific research. Thermo Fisher Scientific is looking into expanding their company through buying Millipore Corp for $6 billion. Millipore Corp produces filters and purifiers for water and other chemicals in order to create biotechnology drugs. Millipore hired Goldman Sachs Group to advise the financial situation upon receiving the bid from Thermo Fisher. This would be one of the first major purchases made by new Chief Executive Marc Casper of Thermo Fisher Scientific, though not of the company. A reliable source commented that this purchase could be completed as quickly as next week, if both companies agree to the transaction.
Millipore’s shares shot up a record 36 percent to 20.1 percent to $86.28; while Thermo Fisher’s shares were off by 5 percent to 6 percent to $46.29.
