Mergers & Acquisitions

Thermo Fisher, Roper agree to terminate $925 million deal

Thermo Fisher Scientific Inc and Roper Technologies Inc on Monday said they have mutually agreed to terminate Thermo Fisher's deal to buy Roper's unit Gatan Inc. [nPnSJyD4a]

June 10 (Reuters) - Thermo Fisher Scientific Inc TMO.N and Roper Technologies Inc ROP.N on Monday said they have mutually agreed to terminate Thermo Fisher's deal to buy Roper's unit Gatan Inc.

The announcement comes after Britain's competition watchdog in December said the $925 million acquisition could raise concerns that prices of microscopes could go up and quality could suffer.

(Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Bernard Orr)

((saumya.joseph@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 2290; Reuters Messaging: saumya.joseph.thomsonreuters.com@reuters.net))

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