By Colin Kellaher
Shares of Olink Holding surged in early trading Tuesday after the proteomics company agreed to be acquired by life-sciences giant Thermo Fisher Scientific in a deal worth $3.1 billion.
Thermo Fisher is paying $26 a share in cash for Olink, a 74% premium to Monday's closing price of $14.98 for the Uppsala, Sweden, company.
Olink shares were recently changing hands at $24.90, up 66%.
The takeover price is just below Olink's 52-week high of $26.47 reached last December.
Thermo Fisher said holders of more than 63% of Olink's shares, including top shareholder Summa Equity, have agreed to support the deal, slated to close in mid-2024.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
10-17-23 1001ET