Thursday, 21 Oct 2021

Qiagen chairman quits after Thermo Fisher's takeover bid fails

FRANKFURT (Reuters) – Qiagen (QIA.DE) said its non-executive Chairman Hakan Bjoerklund had resigned with immediate effect after the genetic testing company’s shareholders rejected an improved takeover offer from Thermo Fisher (TMO.N).

Qiagen board member Lawrence Rosen, the former finance chief of postal services group Deutsche Post (DPWGn.DE), has been elected to replace Bjoerklund as chairman, the company said in a statement on Friday, without providing a reason for the departure.

Thermo Fisher last week walked away from its 11.3 billion euro ($13.30 billion) takeover deal after Qiagen’s earnings were boosted by coronavirus diagnostics, leaving its shareholders reluctant to cash out.

($1 = 0.8498 euros)

Source: Read Full Article

Best News