Thermo Fisher (TMO) has put up for sale a portion of its diagnostics business for roughly $4B, the Financial Times’ Oliver Barnes reports. The company has reached out to private equity firms in recent weeks to gauge interest in a part of the business, which includes its microbiology unit, the author says, citing three people familiar with the matter.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMO: