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UK Watchdog to Investigate Thermo Fisher's Planned Acquisition of PPD

By Ian Walker

 

The U.K. Competition and Markets Authority said Friday that is has started an investigation into Thermo Fisher Scientific Inc.'s planned $17.4 billion acquisition of PPD Inc. to see if it would lead to a lessening of competition.

The regulator said that it has set a deadline of Dec. 10 for its phase 1 decision. It has also invited comments from interested parties ahead of a further review with a deadline of Nov. 1.

Thermo Fisher said on April 15 that it had agreed to buy pharmaceutical-testing company PPD.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

October 15, 2021 02:57 ET (06:57 GMT)

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