UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 18, 2011
Thermo Fisher Scientific Inc.
(Exact Name of Registrant as Specified in Charter)
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| Delaware
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1-8002
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04-2209186 |
| (State or Other Jurisdiction of
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(Commission
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(IRS Employer |
| Incorporation)
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File Number)
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Identification No.) |
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| 81 Wyman Street |
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| Waltham, Massachusetts
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02451 |
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(Zip Code) |
Registrant’s telephone number, including area code: (781) 622-1000
Not applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
TABLE OF CONTENTS
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| Item 2.01. |
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Completion of Acquisition or Disposition of Assets |
On
August 23, 2011, Thermo Fisher Scientific Inc. (“Thermo Fisher”) acquired the outstanding share
capital of CB Diagnostics Holding AB, a Swedish corporation (“CB Diagnostics Holding”), pursuant to
a Sale and Purchase Agreement, entered into on May 19, 2011 and amended on August 18, 2011 (as
amended, the “Purchase Agreement”), by and among CB Diagnostics Luxembourg S.À R.L, a Luxembourg
corporation (the “Seller”), certain funds managed and advised by Cinven Limited and Thermo Fisher.
CB Diagnostics Holding AB is the holding company for the Phadia group (“Phadia”), a global leader
in allergy and autoimmunity diagnostics.
In consideration for the outstanding share capital of CB Diagnostics Holding, Thermo Fisher
paid the Seller approximately €1.057 billion in cash (the “Cash Consideration”) and repaid certain
indebtedness of approximately €1.412 billion owed by Phadia to the Seller and third party lenders
(the “Debt Repayment Amount,” and together with the Cash Consideration, the “Purchase Price”). €75
million of the Cash Consideration has been deposited into an escrow account for a limited period of time
to satisfy any claims brought by Thermo Fisher for breaches of warranties and covenants under the
Purchase Agreement and the accompanying warranty deed,
entered into on May 19, 2011 and amended on August 23, 2011 (as amended, the “Warranty Deed”), among Thermo Fisher,
Igenza Cin AB, the Michael Land Family Trust and certain members of the management of Phadia.
The brief description of the Purchase Agreement and the Warranty Deed set forth above does not
purport to be complete and is qualified in its entirety by reference to the full text of the
Purchase Agreement and the Warranty Deed, which are filed as Exhibits
2.1 and 2.2, and 2.3, respectively, to
this Current Report on Form 8-K and incorporated herein by reference.
Thermo Fisher obtained funds for payment of the Purchase Price through the issuance on August
16, 2011 of $1.0 billion aggregate principal amount of 2.250% Senior Notes due 2016 and $1.1
billion aggregate principal amount of 3.600% Senior Notes due 2021 in a public offering pursuant to
a registration statement on Form S-3 (File No. 333-166176) and a preliminary prospectus supplement
and prospectus supplement related to the offering of such notes, each as filed with the Securities
and Exchange Commission (the “SEC”), which transactions are collectively referred to as the “Notes
Offering.” The foregoing description of the Notes Offering does not purport to be complete and is
qualified in its entirety by reference to the description of the Notes Offering contained in Item
1.01 of Thermo Fisher’s Current Report on Form 8-K filed with the SEC on August 16, 2011, which
description is incorporated herein by reference.
Thermo Fisher obtained additional funds for payment of the Purchase Price as further described
under Item 2.03 below, which description is incorporated by reference into this Item 2.01.
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| Item 2.03. |
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant. |
Between August 16 and August 18, 2011, Thermo Fisher issued a total of $1.0 billion of
commercial paper notes (the “Initial CP Notes”) under its previously reported U.S. commercial paper
program to finance a portion of the Purchase Price. The maturities of the Initial CP Notes are
between August 29, 2011 and July 16, 2012. The weighted average yield of the Initial CP Notes,
including issuance costs, is 0.4407%.
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| Item 9.01. |
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Financial Statements and Exhibits |
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(d) |
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Exhibits |
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See Exhibit Index attached hereto. |