Thermo Fisher to use new debt, cash to fund $4.2 billion acquisition of FEI

By Lisa Kerner

Charlotte, N.C., May 27 – Thermo Fisher Scientific Inc. has a fully committed bridge financing in place to fund its $4.2 billion acquisition of FEI Co., said chief financial officer Stephen Williamson during a conference call on Friday.

Thermo Fisher agreed to acquire FEI for $107.50 per share in cash.

Williamson said Thermo Fisher expects to use to have new debt in place prior to the transaction’s close, which is expected to occur in early 2017. The company will also use cash on hand, said Williamson.

JP Morgan is acting as financial advisor to Thermo Fisher.

Thermo Fisher is a Waltham, Mass.-based science technology company.

FEI, based in Hillsboro, Ore., designs, manufactures and supports a broad range of high-performance microscopy workflow solutions.

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