Thursday, November 1, 2007

Tektronix Bid Clears Regulatory Hurdle

Danaher Corp., a manufacturer of medical and industrial tools and components, announced Wednesday that federally mandated waiting period for its bid to purchase Tektronix has expired. Danaher explained that it has passed the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Danaher announced its $2.8 billion offer for Beaverton, Oregon-based Tektronix, a producer of testing and monitoring devices, in October. Danaher noted that its $38-per-common-stock-share offer is still subject to regulatory approvals and other conditions. Danaher is headquartered in Washington D.C.