Thermo Fisher, Roper abandon $925 million acquisition

Thermo fisher

The duo of Thermo Fisher Scientific Inc and Roper Technologies Inc have announced the termination of an acquisition deal they announced earlier this year.

The deal would have seen Thermo Fisher acquiring Gatan Inc., a wholly-owned subsidiary of Roper for $925 million.

The merger was shelved after UK’s competition watchdog complained that the merger could increase the prices of microscopes as well as a drop in quality.