Shares of Perkinelmer (PKI) are trading 10% higher at a price of $167.96 at the time of this writing.
- New Mountain Capital is acquiring PerkinElmer's Applied, Food and Enterprise Services businesses for up to $2.45 billion
- The business being acquired includes PerkinElmer's leading OneSource laboratory and field services, along with a portfolio of atomic spectroscopy, molecular spectroscopy, and chromatography instruments, consumables and reagents that serve the biopharma, food, environmental & safety and applied end markets
- The PerkinElmer brand will be transferred with the business, and the transaction is expected to close in the first quarter of 2023, subject to regulatory approvals and other customary closing conditions
Perkinelmer has been trading between a 52-week high of $202.89 and a 52-week low of $130.58. The stock has a market cap of $21.2 Billion.
PerkinElmer enables scientists, researchers, and clinicians to address their most critical challenges across science and healthcare. With a mission focused on innovating for a healthier world, the company delivers unique solutions to serve the diagnostics, life sciences, food, and applied markets. IT strategically partners with customers to enable earlier and more accurate insights supported by deep market knowledge and technical expertise.
Headlines
PerkinElmer Offloads Applied, Food & Enterprise Services Businesses For ~$2.5B
Benzinga 08-01-22
PerkinElmer: Q2 Earnings Insights
Benzinga 08-01-22
ROUNDUP: PerkinElmer Q2 Profit Down, But Beats Estimates; Ups Annual Guidance Above Estimates
Finanz Nachrichten 08-01-22
New Mountain To Acquire PerkinElmer''s Applied, Food Services Businesses For $2.45 Bln
Finanz Nachrichten 08-01-22
PerkinElmer''s Applied, Food and Enterprise Services businesses to be acquired by New Mount
Seeking Alpha 08-01-22