Thermo Fisher Scientific (TMO) Extends Cash Tender Offer for Dionex Corporation (DNEX)
Thermo Fisher Scientific Inc. (NYSE: TMO) announced that its previously announced tender offer to acquire all of the outstanding shares of Dionex Corporation (NASDAQ: DNEX) for $118.50 per share in cash has been extended and will now expire at 7:00 p.m., New York City time, on May 13, 2011, unless further extended. All other terms and conditions of the offer remain unchanged. The transaction is subject to the satisfaction of customary closing conditions, including applicable regulatory approvals.
The waiting period required under the Hart-Scott-Rodino Act expired on January 10, 2011, satisfying one of these conditions, and the company is in the process of seeking similar clearances under antitrust laws of other jurisdictions. In Europe, rather than having to file regulatory approvals in multiple countries, Thermo Fisher applied to the European Commission (EC) for jurisdiction, as previously disclosed.
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The waiting period required under the Hart-Scott-Rodino Act expired on January 10, 2011, satisfying one of these conditions, and the company is in the process of seeking similar clearances under antitrust laws of other jurisdictions. In Europe, rather than having to file regulatory approvals in multiple countries, Thermo Fisher applied to the European Commission (EC) for jurisdiction, as previously disclosed.
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