Microfluidics announced today that it signed a definitive merger agreement with IDEX Corp.(IEX) for $1.35 net cash to the seller subject to adjustment as provided in the merger agreement.
The $1.35 price represents about a 58% premium over recent trading and a 69% premium over volume wieighted trading over the last 30 days.Microfluidics was added to the Rayno Life Science Tools Portfolio on July 6, 2010 at a price of $0.77.
IDEX Corporation Signs Agreement to Acquire Microfluidics International Corporation – Yahoo! Finance