Dionex Hits 52-Week High On Acquisition News (DNEX)

News that Scientific instrument maker Thermo Fisher Scientific Inc TMO will buy Dionex Corporation DNEX for $118.50 per share has sent the share prices of both companies higher. While shares of Thermo Fisher Scientific Inc are up just 3.8% at $55.06, shares of Dionex Corporation are trading up 20.1% at $117.93 per share during the Monday afternoon trading session. The day's range for shares of Dionex Corporation has been between $117.75 and a 52-week high of $118.50 per share. The average price target of analysts who cover Dionex Corporation (DNEX) was $100.75per share. Volume of 1.2 million shares is already far above the daily average volume of 63,000 shares. Read more from Benzinga's Company news.