10.19.2007 12:00 AM
Danaher-Tektronix Deal Creates Testing Products Giant
Citing potential “synergies and cost savings,” industrial conglomerate Danaher Corp. is poised to acquire test and measurement giant Tektronix for $2.8 billion.

The Washington, D.C.-based company’s portfolio includes a wide variety of medical technologies, industrial tools and defense and aerospace products. Tektronix will join Danaher’s Fluke Networks operation, doubling Danaher’s industrial test products business.

Tektronix is “well-positioned in the high-growth market it serves,” holding the top spot in a majority of its product areas, said a Danaher spokesman. He particular noted opportunities for growth in so-called 3G wireless applications and voice-over-IP.

The deal positions Danaher as the world leader in the test-and-measurement industry, he said.

The board of directors of Tektronix, based in Beaverton, Ore., unanimously recommended that stockholders approve the offer of $38 per share, a 34 percent premium over the stock price before the announcements.


Comments
Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found




Tuesday 06:00 AM
Eleven FCC Scenarios for The 600 MHz Band Plan
I suspect that the estimated $44 billion of auction proceeds do not take into account the fact that some spectrum the FCC will buy cannot be resold because it must be used as guard intervals in the 600 MHz band plan.~ Charles W. Rhodes

Zazil Media Group /   Thursday 11:07 AM
NAB 2015 Preview: Dalet Spearheads the Facility of the Future
Wall Street Communications /   Thursday 07:36 PM
Digital Alert Systems 2015 NAB Show Preview

 
Featured Articles
Discover TV Technology