07:37 AM EDT, 05/28/2024 (MT Newswires) -- Nordson ( NDSN ) said Tuesday it has agreed to buy Atrion ( ATRI ) for $460 per share in cash, representing an enterprise value of roughly $800 million.

The company, which plans to finance the transaction through cash on hand and newly issued financial debt, said it expects deal completion before its fiscal 2024 ends.

Nordson's ( NDSN ) shares were marginally higher in recent Tuesday premarket activity, while Atrion's ( ATRI ) stock was up 4.1%.