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Public offering could pull in $1.5B for Thermo Fisher Scientific

An underwritten public offering of common stock was launched by Thermo Fisher Scientific in hopes of raising $1.5 billion. The company, which intends to grant a 30-day option for the underwriters to purchase up to $225 million in additional shares, said the proceeds will be used for partial funding of its $7.2 billion purchase of contract development and manufacturing organization Patheon.

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