Shares of Dionex Corporation DNEX are trading higher this morning by 19.94%, at $117.75, after Thermo Fisher TMO agreed to buy the company for $2.1 billion.
Under the deal, Thermo Fisher will begin a tender offer to buy Dionex shares for $118.50 each, a 21% premium to Dionex's record-high close on Friday.
TMO said that they see the acquisition adding to EPS by $0.13-0.15 per share within the first 12-months.
Dionex Corporation designs, manufactures, markets and services a range of liquid chromatography systems, sample preparation devices and related products used to separate and quantify the individual components of chemical mixtures relevant to several industrial, research and laboratory markets.
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