Merging company

UK Watchdog approves Thermo Fisher’s $ 21 billion PPD deal

By Matthew Perlman (December 3, 2021, 7:55 p.m. EST) – UK authorities have cleared laboratory equipment giant Thermo Fisher Scientific Inc. to acquire contract research organization PPD Inc for $ 20.9 billion .without flagging the deal for further consideration of its potential impact on competition in the UK

The Competition and Markets Authority cleared the decision on Friday in phase 1 of its merger review, ending an investigation that began in mid-October, according to the agency’s business register. The register provided no justification, but said the text of the agency’s decision would be released shortly.

The CMA said in October it was reviewing whether the acquisition is subject to …

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