(Adds stock prices, broker comment)
May 15 Dutch food supplement maker DSM
will tender its stake in U.S. drug ingredient maker Patheon
to Thermo Fisher Scientific, DSM said on
Thermo Fisher Scientific, the world's largest maker of
scientific instruments, is set to buy Patheon in a $5.2 billion
cash deal, or $35 per share, implying a premium of about 35
percent on Patheon's Friday close.
DSM holds approximately 48.7 million shares in Patheon,
making it its second largest shareholder with a 33.6 percent
stake. The Dutch company said it had entered into a tender and
support agreement with Thermo Fisher.
Including a control premium, DSM's stake in Patheon is worth
approximately 1.5 billion euros ($1.65 billion), or about 8.50
euros per share, analysts at Jefferies estimated.
Thermo Fisher's plan to buy Patheon pushed DSM shares to an
all-time high of 67.92 euros on Monday. DSM shares were up 2.64
pct at 1214 GMT.
Patheon shares jumped by nearly 34 percent to $34.80
premarket in New York. ($1 = 0.9117 euros)
(Reporting by Wout Vergauwen; editing by David Clarke and Jason