| Singapore state fund Temasek Holdings has decreased its stake in New York-listed Thermo Fisher Scientific Inc by 45 per cent, based on a Q3 2015 regulatory filing with the SEC. Thermo Fisher Scientific is a provider of analytical instruments, equipment, reagents and consumables, software and services for research, manufacturing, analysis, discovery and diagnostics. It’s stock has risen 8.44 per cent since April 28, 2015 and is outperforming the S&P 500 by 10.06 per cent.
Temasek sold 2.37 million shares in the firm as the corporations stock declined 6.53 per cent with the market. Temasek’s original holding in the firm was 2.90 million shares of the industrial machinery and components company at the end of Q3 2015, with its stake valued at $354.53 million. This is a decrease from 5.27 million shares it held at the end of Q2 2015...............................................Full Article: Source
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