Danaher Shares Fall 4% on $9.9B Masimo Acquisition Announcement
Danaher will acquire Masimo for $9.9 billion including debt, paying $180 per share—a 38.3% premium. Danaher shares dropped 4% to $204.12, entering negative YTD territory after a 10.4% decline, while 7,668 puts traded versus 396 calls on DHR.
1. Acquisition Deal Details
Danaher agreed to purchase Masimo for $9.9 billion including debt, offering $180 per share—a 38.3% premium over Masimo's last closing price—to expand its diagnostics and medical technology portfolio.
2. Danaher Stock Reaction
Following the announcement, Danaher shares fell 4% to $204.12, marking the stock's lowest level since early October and pushing its year-to-date performance into a 10.4% decline.
3. Options Market Activity
Options traders have shown bearish sentiment on Danaher, exchanging 7,668 puts compared to just 396 calls, indicating increased downside speculation on the stock post-announcement.