Deal sells 5,271,481 shares at $94.85 per share to Maxwell (Mauritius)
By Devika Patel
Knoxville, Tenn., Feb. 4 - Thermo Fisher Scientific Inc. completed a $500 million private placement of stock with Maxwell (Mauritius) Pte Ltd. on Feb. 3, according to an 8-K filed Tuesday with the Securities and Exchange Commission. The deal priced for $501.58 million on Nov. 14.
The company sold 5,271,481 common shares at $94.85 apiece, a 4.01% discount to the Nov. 13 closing share price of $98.81.
The deal originally priced at $95.00 per share. The company said at pricing that if settlement occurs between Dec. 16 and March 16, 2014, the price per share was to be reduced to $94.85; if settlement occurs on or after March 17, 2014, the price per share was to be reduced to $94.70.
The placement was conducted to fund the company's recently completed acquisition of Life Technologies Corp., which was negotiated on April 14.
The science technology company is based in Waltham, Mass.
| Issuer: | Thermo Fisher Scientific Inc.
|
| Issue: | Common shares
|
| Amount: | $500 million
|
| Shares: | 5,271,481
|
| Price: | $94.85
|
| Warrants: | No
|
| Investors: | Maxwell (Mauritius) Pte Ltd.
|
| Pricing date: | Nov. 14
|
| Settlement date: | Feb. 3
|
| Stock symbol: | NYSE: TMO
|
| Stock price: | $98.81 at close Nov. 13
|
| Market capitalization: | $41.19 billion
|
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