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

Raygent » Microfluidics (MFLU.OB-$0.90) -a leader in advanced nano-material processing for a variety of industries

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