Danaher Expands Product Line With Tektronix Acquisition

| About: Danaher Corporation (DHR)

Another day, another tech company is involved in another acquisition.

Industrial manufacturer Danaher Corp. (NYSE:DHR) announced Monday that it had come to an agreement to purchase electronic testing company Tektronix Inc. (TEK) for US$2.8-billion.

Danaher announced it would pay US$38 per share for Tektronix, which has seen its share surge almost 33%. Tektronix's board has already agreed to the deal, which is expected to close in the current quarter.

Danaher Corporation derives its sales from the design, manufacture and marketing of professional, medical, industrial and consumer products. The acquisition of Tektronix is said to expand the company's product line and offer increased exposure to the Asia-Pacific market.

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