On May, 27, 2016, Thermo Fisher Scientific and FEI Company announced that their boards of directors had unanimously approved Thermo Fisher’s acquisition of FEI for $107.50 per share in cash.

The transaction represented a purchase price of approximately $4.2 billion. Based in Hillsboro, Oregon, FEI had more than 3,000 employees worldwide and maintained R&D, sales and manufacturing operations primarily in Europe and the U.S.