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Danaher set to buy Tektronix
October 15, 2007
With a $2.8 billion purchase of Tektronix, Danaher is set to seal its largest acquisition, the Wall Street Journal reports: “Tektronix shareholders will receive $38 a share in a cash tender offer, a 34% premium to its share price Friday, when it finished at $28.34 in New York Stock Exchange composite trading. Tektronix shares reached a 52-week high of $35.38 in July but fell sharply in recent weeks after the company said it expected weak earnings.” In the test-and-measurement field, Danaher already owns Fluke.
Update 7:53 a.m. EDT: The Journal now reports that the deal is confirmed.
Update 4:06 p.m. EDT: Suzanne Deffree at Electronic News has more.
Posted by Rick Nelson on October 15, 2007 | Comments (0)
