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Olink (NASDAQ:OLK) edged higher by 0.3% amid a Nasdaq notice in regard to Thermo Fisher’s (NYSE:TMO) $3.1 billion planned takeover.
The deal is scheduled to close prior to the market open on July 10, according to the Nasdaq notice on Tuesday. The stock will be halted immediately following the after-hours session at 8pm on July 9.
If the merger closes as planned, the stock will remain halted on the day of closing (July 10th) and will be suspended effective July 11, according to the notice.
Last month, the deal received German antitrust approval. The transaction is still awaiting approval from the UK’s antitrust regulator. The UK’s Competition and Markets Authority initiated a Phase 1 review of the deal in May. The deadline for the decision is July 8. The CMA first disclosed in February that the agency was evaluating the Olink/Thermo.