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Thermo Fisher gets antitrust OK for Dionex deal

Mon, 01/10/2011 - 8:45am
The Associated Press

Thermo Fisher Scientific Inc. said it received antitrust approval for its $2.1 billion acquisition of laboratory equipment maker Dionex Corp., bringing it one step closer to completing the deal.

The scientific instrument maker said Monday that it is seeking similar clearances under antitrust laws of other jurisdictions.

Last month Thermo Fisher said the transaction would expand its business in the Asia-Pacific region and help it do more business in industries such as environmental analysis, water testing, and food safety.

Thermo Fisher, based in Waltham, Mass., expects to close on the acquisition later in the first quarter.

Its stock shed 48 cents to $55.89 in afternoon trading, while shares of Sunnyvale, Calif.-based Dionex added 15 cents to $117.95.

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