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Today's hot alert includes : Thermo Fisher Scientific Inc. (NYSE: TMO)
Thermo Fisher Scientific Completes B.R.A.H.M.S. Acquisition
WALTHAM, Mass.-- Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that it has completed its previously announced acquisition of B.R.A.H.M.S. AG for EUR330 million (approximately $470 million USD). B.R.A.H.M.S. generated 2008 revenues of EUR75 million (approximately $105 million USD), and is expected to be accretive to adjusted earnings per share in 2010. Thermo Fisher will integrate B.R.A.H.M.S. into its Analytical Technologies Segment, and plans to use the firm's former headquarters in Hennigsdorf, Germany, as the European Center of Excellence for its clinical diagnostics business.
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