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Web Date: December 13, 2010

Thermo Fisher To Acquire Dionex For $2.1 Billion

Instrumentation: Deal will help Thermo expand in Asia and grow in water quality, consumer safety and life sciences
Department: Business
Keywords: chromatography, scientific instruments, acquisitions

Scientific instrument maker Thermo Fisher Scientific will acquire yet another competitor, liquid and ion chromatography leader Dionex, in a transaction valued at $2.1 billion. Thermo will pay $118.50 for each Dionex share, representing a 21% premium over Dionex's closing stock price on Dec. 10.

The deal, expected to close in the first quarter of 2011, will bolster Thermo's expansion in Asia and expand its scientific instruments business in the water quality, consumer safety, . . .

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