Skadden Reps Danaher In $340M Deal For Keithley

Law360, New York (September 29, 2010, 3:03 PM EDT) -- Danaher Corp. has reached a deal to snap up engineering electronics systems maker Keithley Instruments Inc. in a transaction valued at approximately $340 million that continues the toolmaker's acquisition streak.

Under the merger agreement, announced Wednesday, Danaher will acquire all outstanding Keithley shares for $21.60 per share in cash. The deal has been unanimously approved by the Keithley board of directors, and a partnership affliated with Keithley's CEO has agreed to vote its 19.99 percent stake in the company in favor of the merger.

The deal,...
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