TMO Thermo Fisher Scientific Inc

By Colin Kellaher

Shares of Qiagen jumped in Europe and the U.S. on Thursday amid reports Thermo Fisher Scientific Inc. (TMO) is considering a takeover of the molecular-testing firm.

Bloomberg, citing people familiar with the matter, on Wednesday reported that Thermo Fisher had approached the Dutch company about a potential deal, but that there was no certainty the deliberations would lead to a transaction.

Qiagen's German-listed shares jumped 13.2% Thursday to EUR33.35, while the company's U.S.-listed shares rose 4% to $36.86 in early trading Thursday after gaining 9.9% late Wednesday.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 14, 2019 09:49 ET (14:49 GMT)

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