Sunday, October 14, 2007

Danaher To Acquire Tektronix

Danaher Corporation, which makes professional instrumentation products, agreed to acquire Tektronix for $38.00 per share. The aggregate purchase price is approximately $2.8 billion, including debt, transaction costs and net of cash acquired. This represents a premium of approximately 34% to Tektronix's closing price on October 12, 2007.

Tektronix, which has annual revenues of approximately $1.1 billion, is a leading supplier of test, measurement, and monitoring products for networking.

Tektronix would become part of Danaher's Electronic Test platform, joining Danaher's Fluke and Fluke Networks businesses, and nearly doubling the platform's revenues. The combined brands are some of the most highly recognized in each of their respective product segments.


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