PPD Inc. Shares Up After News Thermo Fisher Plans to Buy Co.
15 Abril 2021 - 12:26PM
Noticias Dow Jones
By Stephen Nakrosis
Shares of pharmaceutical-testing company PPD Inc. are trading
higher Thursday, following news that Thermo Fisher Scientific Inc.
agreed to acquire the company for $47.50 a share.
At 12:45 p.m. ET, shares of PPD had risen 6.73%, to $45.89.
Volume at the time topped 42.4 million shares, above the stock's
65-day average volume of just more than one million shares.
Earlier in the session, the company's shares touched a 52-week
high of $46.34.
At 12:46 p.m. ET, Thermo Fisher shares were trading 3.72%
higher, at $495.85.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 15, 2021 13:11 ET (17:11 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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