Dionex Jumps 20% on Thermo Fisher Deal (DNEX, TMO)

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.