Danaher Grabs Molecular Diagnostics Co. In $4B Cash Deal
Law360, New York (September 6, 2016, 6:00 PM EDT) -- Science and technology giant Danaher Corp. said Tuesday that it would buy California-based molecular diagnostics company Cepheid in a deal valued at about $4 billion, including debt and net cash on hand, marking Danaher's first major move after its July spinoff of certain business units.
Danaher is set to shell out $53 per share in cash to add Cepheid to its diagnostics segment, where it will join and complement Beckman Coulter, Leica Biosystems and the science and technology company's Radiometer businesses, according to Tuesday's statement. Cepheid makes molecular systems and tests that can help doctors diagnose diseases, the statement said....
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