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Friday, May 13, 2011

EU approves Thermo Fisher buy of Dionex, (NYSE: TMO), (NASDAQ: DNEX)

Thermo Fisher Scientific Inc (TMO.N), the world's largest maker of scientific instruments, secured EU regulatory clearance on Friday to purchase chromatography systems maker Dionex Corp (DNEX.O) for $2.1 billion. Thermo Fisher unveiled the deal in December last year and it will reinforce its presence in Asia and strengthen its lab equipment operations. The European Commission, the EU competition watchdog, said Thermo Fisher and Dionex were not each others' closest competitors and the combined entity would continue to face significant competition. "The Commission examined the competitive effects of the proposed acquisition in the areas of ion chromatography, high pressure liquid chromatography, mass spectrometry, consumables, related software and distribution," it said in a statement."The examination showed that the combination of Thermo Fisher's and Dionex's activities will not lead to competition concerns in any of the relevant markets," it said.

Thermo Fisher Scientific Inc. (Thermo Fisher) is engaged in serving science. Shares of TMO traded higher by 0.45% or $0.28/share to $61.95. In the past year, the shares have traded as low as $41.74 and as high as $61.90. On average, 2971780 shares of TMO exchange hands on a given day and today's volume is recorded at 1038977.

Dionex Corporation (Dionex) 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. Shares of DNEX remained unchanged at $118.48. In the past year, the shares have traded as low as $71.22 and as high as $118.86. On average, 92460 shares of DNEX exchange hands on a given day and today's volume is recorded at 19618.



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