[Ccarc] Tektronic bought by Danaher Corporation (who also owns Fluke and makes Sear Craftsman, etc)

[Phil Snider]

<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>

*Danaher Buys Rival Test Equipment 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email> 
Maker* (AP)

The Danaher Corporation is buying test and measurement equipment maker 
*Tektronix Inc 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>*. 
for $2.85 billion in a move to expand its electronic testing business. 
 Under the deal announced today, Danaher will start a cash tender offer 
of $38 a share for *Tektronix 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>* 
shares, a 34 percent premium to *Tektronix's 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email> 
*closing stock price Friday. Based on *Tektronix 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>*'s 
nearly 75.1 million outstanding common shares at Sept. 29, the deal is 
valued at $2.85 billion. *Tektronix* 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>, 
based in Beaverton, Ore., said its board unanimously recommends 
shareholders accept and tender their shares in the offer. The 
transaction is expected to close in the fourth quarter of 2007, pending 
regulatory approval and no material adverse changes to *Tektronix's * 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>business. 
*Tektronix 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>* 
will become part of Danaher's electronic test platform, joining 
Danaher's Fluke and Fluke Networks businesses, and nearly doubling the 
platform's revenue. *Tektronix 
<http://www.testequipmentconnection.com/index.php?main_page=manu&manu=TEKTRONIX&utm_source=Phil1112&utm_medium=Email>* 
reported 2007 profit of $90.4 million on sales of $1.11 billion. The 
company's management team will join Danaher. Danaher makes environmental 
and electronic testing technology, like bar code readers, as well as 
dental products and medical instruments. Danaher's tools and components 
segment includes hand tools, automotive specialty tools, and accessories 
sold under such brand names as Sears' Craftsman. It earned $1.12 billion 
on sales of $9.6 billion in 2006.

-- 
Philip M. Snider

Pulaski White Rural Telephone Cooperative, Inc.
Central office technician
Star City, IN 46985
574-595-7121

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