News Summary (TMO, DNEX, WMT, DELL, CML)

Thermo Fisher Scientific Inc TMO announced its plans to buy Dionex Corp DNEX for $2.1 billion, or $118.50 per share in cash, representing a 20.7% premium over DNEX's closing price on Friday. The deal is likely to close in the first quarter of 2011. DNEX shares surged about 20% following the news. Wal-Mart Stores Inc WMT announced its plans to close its business office in Moscow. However, the company said that it still remains interested in entering the country's market. Doug McMillon, CEO of Walmart International said, "Since we have decided to enter the market through acquisition, not greenfield development, and since there is no clear acquisition partner in the near term, there is not a business reason to continue our Moscow representative office." Dell Inc DELL agreed to purchase Compellant Technologies Inc CML for $960 million in cash. Dell's offer price of $27.75 per share represents a 3% discount to CML's closing share price on Friday. The companies are expecting the transaction to close in early 2011. CML shares fell about 3% following the news. Read more from Benzinga's Markets.