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Danaher Buying Tektronix

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WASHINGTON, D.C. and BEAVERTON, Ore., Oct. 15, 2007 -- Danaher Corp. announced today it will expand its Electronic Test business segment by acquiring Tektronix Inc. for $2.8 billion in cash. The board of directors of Beaverton-based Tektronix has unanimously recommended that its shareholders accept and tender their shares into the offer of $38 per share, which represents a premium of approximately 34 percent over the company's closing price on Friday. With annual revenues of approximately $1.1 billion, Tektronix supplies test, measurement and monitoring products to the communications, computer, semiconductor and consumer electronics...Read full article

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    Published: October 2007
    Glossary
    nano
    An SI prefix meaning one billionth (10-9). Nano can also be used to indicate the study of atoms, molecules and other structures and particles on the nanometer scale. Nano-optics (also referred to as nanophotonics), for example, is the study of how light and light-matter interactions behave on the nanometer scale. See nanophotonics.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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