Qi­a­gen in­vestors spurn Ther­mo Fish­er’s takeover of­fer, de­rail­ing a $12B+ deal

Ther­mo Fish­er Sci­en­tif­ic had an­nounced an $11.5 bil­lion takeover of Dutch di­ag­nos­tics com­pa­ny Qi­a­gen back in March, but the deal ap­par­ent­ly did not sit well with Qi­a­gen in­vestors.

Af­ter get­ting ham­mered by crit­ics who con­tend­ed that Qi­a­gen $QGEN was worth a lot more than what Ther­mo Fish­er want­ed to spend, in­vestors turned thumbs down on the of­fer — de­rail­ing the buy­out even af­ter Ther­mo Fish­er in­creased its of­fer to $12.6 bil­lion in Ju­ly. Qi­a­gen’s share price has been boost­ed con­sid­er­ably by Covid-19 as de­mand for its test­ing kits surged.

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