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Danaher to Buy Beckman Coulter for $6.8 Billion (DHR)

Danaher Corporation ( DHR ) on Monday said it would buy fellow medical instruments maker Beckman Coulter, Inc. ( BEC ) for $6.8 billion in cash.

The $83.50 per-share acquisition price represents an 11% premium over BEC's Friday closing price of $75.17.

The deal is expected to close in the first half of this year. The buyout is structured as a tender offer where Danaher will buy all outstanding Beckman shares. Following that process, the two companies will merge.

Danaher shares rose $2.52, or +5.3%, in premarket trading Monday.

The Bottom Line

Shares of Danaher ( DHR ) have a .17% dividend yield, based on Friday's closing stock price of $47.98. The stock has technical support in the $44 price area. The share are trading near all-time highs and have little overhead resistance.

Danaher Corporation ( DHR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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