Danaher Gains On $9.6 Billion Aldevron Buy For Genomic Play

Investing.com

Thu, Jun 17, 2021, 7:19 AM1 min read

By Dhirendra Tripathi

Investing.com – Danaher (NYSE:DHR) shares were up more than 4% Thursday as the company announced it will buy privately-held Aldevron for $9.6 billion in cash.

Aldevron manufactures high-quality plasmid DNA, mRNA, and proteins, serving biotechnology and pharmaceutical customers across research, clinical and commercial applications.

Danaher President and Chief Executive Officer Rainer M. Blair said the acquisition will expand the company’s capabilities in genomic medicines and help it bring more life-saving therapies and vaccines to market faster.

Aldevron will operate as a standalone operating company and brand within Danaher's life sciences segment.

Danaher expects to finance the acquisition using cash on hand and/or proceeds from the issuance of commercial paper.

Danaher Gains On $9.6 Billion Aldevron Buy For Genomic Play

Audi sets 2026 end date for combustion engine cars - Sueddeutsche Zeitung

Denmark stocks lower at close of trade; OMX Copenhagen 20 down 0.84%

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000
On paper, Mark Zuckerberg is Meta’s lowest-paid employee, with a $1 dollar salary and no bonus.
Fortune•17h ago
$433 Billion Gone! One Stock Loses More Value Than Tesla
Tesla's loss of $328.3 billion this year in stock value certainly hurts. But it's only the second-largest market value loss in the S&P 500.
Investor's Business Daily•17h ago
Analysts reset Microsoft stock price targets ahead of highly anticipated earnings
Microsoft, which overtook Apple as the world's most valuable company earlier this year, is looking to cement its AI market leadership.
TheStreet•5h ago
Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'
Finance expert Suze Orman has voiced concerns about the impact of climate change on property insurance costs, asserting it could threaten the American dream of homeownership. Orman, 72, faced a $28,000 annual insurance quote for her Florida oceanside condo, leading her to forego coverage entirely. She highlights a troubling trend where soaring insurance costs driven by frequent and severe weather events may deter Americans from buying homes. Don't Miss: For many first-time buyers, a house is abo
Benzinga•1d ago
Analysts reboot Amazon stock price target ahead of earnings
This is what could happen next to Amazon shares.
TheStreet•5h ago
China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses
With rising inflation, American consumers are increasingly turning to the Chinese e-commerce platform Temu for their shopping needs. With its enticing tagline “Shop like a billionaire,” Temu has captured 17% of the U.S. market share, posing a challenge to traditional American retailers such as Amazon.com Inc., Dollar Tree Inc. and Five Below Inc. The rise highlights the lucrative and disruptive nature of startups. Owned and operated by PDD Holdings Inc. (NASDAQ:PDD), Temu offers a wide range of
Benzinga•8h ago
Meta stock plummets 15% after second quarter outlook disappoints
Meta reported its Q1 earnings after the bell, beating analysts' expectations on the top and bottom, but a disappointing Q2 forecast sent shares falling.
Yahoo Finance•9h ago
Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance
Ford reported first quarter results after the bell that beat expectations on Wednesday, with its changing product game plan front and center along with its focus on gas and hybrid offerings.
Yahoo Finance•7h ago
Should You Buy Super Micro Computer Stock Before Earnings?
Super Micro Computer stock has many investors interested in its quickly approaching update.
Motley Fool•8h ago
Zuckerberg Asks for Patience After Meta’s AI Push Irks Investors
(Bloomberg) -- Mark Zuckerberg is asking for investors to stay patient. Again.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience After Meta’s AI Push Irks InvestorsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityAfter Meta Platforms Inc. revealed that it will spend billions o
Bloomberg•5h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Danaher Gains On $9.6 Billion Aldevron Buy For Genomic Play

Recommended Stories

Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

$433 Billion Gone! One Stock Loses More Value Than Tesla

Analysts reset Microsoft stock price targets ahead of highly anticipated earnings

Suze Orman Decided To Drop Homeowners Insurance After An Outrageous Quote: '$28,000 For A 2,100-Square-Foot Condo. Are You Kidding Me?'

Analysts reboot Amazon stock price target ahead of earnings

China's Temu Takes Over 17% Of US Market Share, Cutting Jobs From American Amazon And Decimating Small Businesses

Meta stock plummets 15% after second quarter outlook disappoints

Ford tops Q1 earnings expectations, sees full-year profit 'tracking to high-end' of guidance

Should You Buy Super Micro Computer Stock Before Earnings?

Zuckerberg Asks for Patience After Meta’s AI Push Irks Investors