Hedge Fund Seeks Higher Price For Qiagen As COVID-19 Boosts Sales

Hedge fund Davidson Kempner advised Qiagen to ask for a higher acquisition price from Thermo Fisher Sciences as COVID-19 has increased demand for diagnostic products.

Coronavirus stocks

Hedge fund Davidson Kempner is recommending that Qiagen NV renegotiate its planned takeover deal with Thermo Fisher Scientific, arguing the demand for diagnostics fueled by the COVID-19 pandemic makes Qiagen worth more than the price agreed to in March.

Thermo Fisher Scientific agreed to buy Qiagen for $11.5bn on 3 March. The offer of €39 per share in cash...

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