Danaher Signs Agreement To Buy Tektronix, Revises Q3 EPS Outlook - Quick Facts

(RTTNews) - Danaher Corp. (DHR | charts | news | PowerRating) and Tektronix, Inc. (TEK | charts | news | PowerRating) on Monday said they reached a definitive agreement whereby Danaher would make a cash tender offer to buy Tektronix for $38.00 per share. The company noted that the aggregate purchase price is about $2.8 billion, including debt, transaction costs and net of cash acquired. The company said that Tektronix would become part of Danaher's Electronic Test platform, joining Danaher's Fluke and Fluke Networks businesses.

Looking forward, for the third quarter, the company now expects adjusted earnings per share to be at, or slightly above, the high end of the previously communicated range of $0.92 to 0.97 per share before the impact of nearly $0.04 per share from certain favorable tax items and a lower tax rate that the company expects to record during the quarter.

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