Thermo Fisher completes Dionex tender offer
Deal will expand presence in attractive applied markets and increase commercial capabilities in China and other Asia-Pacific regions
Thermo Fisher Scientific has successfully completed its tender offer for Dionex Corporation, which expired on 13 May 2011. Based on preliminary information, as of the expiration of the tender offer approximately 93% of Dionex's issued and outstanding shares were validly tendered and not withdrawn in the tender offer.
Thermo Fisher intends to complete its acquisition of the remaining shares through a short-form merger in which any remaining Dionex shares will be exchanged for $118.50 per share in cash.
‘The acquisition of Dionex is consistent with our strategy of accelerating growth by increasing our depth of capabilities in innovative technologies and emerging markets,’ said Marc N. Casper, president and ceo of Thermo Fisher. ‘This combination creates a leading offering for our customers in chromatography instruments, software, consumables and services.
‘With Dionex, we will expand our presence in attractive applied markets, including environmental analysis, water testing and food safety, and increase our commercial capabilities in China and other growing Asia-Pacific regions.
‘We welcome Dionex employees to the Thermo Fisher team and look forward to working together to fulfill our mission, which is to enable our customers to make the world healthier, cleaner and safer.’
