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Danaher Strikes $10 Billion Deal for Masimo

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Danaher

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has struck a deal to acquire medical-device maker Masimo MASI 0.42%increase; green up pointing triangle for almost $10 billion, the companies said on Tuesday.

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Danaher said it will pay $180 per share in cash for Masimo, a nearly 40% premium to where the stock closed Friday, confirming an earlier report by The Wall Street Journal.

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