Monday, December 13, 2010

Dionex Acquired by Thermo Fisher Scientific

Sunnyvale-based Dionex, a manufacturer of chromatography systems, is being acquired by Thermo Fisher Scientific, in a deal worth approximately $2.1 billion. According to Thermo Fisher Scientific, it will pay $118.50 per share in cash for Dionex. Dionex develops ion and liquid chromatography systems for water analysis, used in environmental analysis, food safety, and the industrial sector. Thermo Fisher said it was advised by Barclays Capital, J.P. Morgan Securities LLC, and Wachtell, Lipton, Rosen & Katz in the deal. Dionex was advised by Goldman, Sachs & Co. and Cooley LLP.