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Olink (NASDAQ:OLK) soared by 2.8% following the receipt of approval from the German antitrust authorities for its acquisition by Thermo Fisher (NYSE:TMO).
The German Federal Cartel Office granted approval for the deal on Monday, as indicated by an announcement on the German antitrust regulator’s website. This nod arrives subsequent to Germany moving the review of the $3.1 billion purchase to Thermo Fisher into a Phase 2 analysis back in February.
Not to be outdone, the UK’s Competition and Markets Authority initiated a Phase 1 review of the amalgamation last month, with a decision deadline set for July 8. Initially, in February, the CMA revealed that they were scrutinizing the Olink/Thermo relationship.
Thermo Fisher (TMO) inked a deal in October to snap up Sweden-based Olink (OLK) for $26 per share.