Masimo (MASI) Climbs 34% on $9.9-Billion Danaher Merger

We recently published 10 Stocks Outperforming With Monstrous Gains. Masimo Corporation (NASDAQ:MASI) was one of the best performers on Tuesday.

Masimo Corp. snapped a two-day losing streak on Tuesday, soaring 34.22 percent to finish at $174.69 apiece as investors snapped up shares following news that it was set to merge with Danaher Corp. for $9.9 billion.

In a statement, Masimo Corporation (NASDAQ:MASI) said that it officially inked a definitive agreement with Danaher for the acquisition of its shares at a price of $180 apiece. The amount represented a 38.3 percent premium over its closing price of $130.15 on Friday, February 13.

The transaction is expected to be closed in the second half of the year, subject to closing conditions.

Upon completion, Masimo Corporation (NASDAQ:MASI) will continue to be a standalone business unit and brand within Danaher’s Diagnostics segment and will operate autonomously.

“We look forward to joining Danaher and continuing our growth and momentum as the global leader in patient monitoring. Danaher shares our commitment to investing in talent and innovation and will be an ideal fit to help power the next chapter of Masimo. Importantly, becoming part of Danaher’s Diagnostics segment will strengthen our ability to scale our monitoring technologies globally and accelerate our mission of delivering Masimo innovations that empower clinicians to transform patient care,” said Masimo Corporation (NASDAQ:MASI) CEO Katie Szyman.

Masimo will report its earnings performance in the fourth quarter and full-year 2025 on February 26, but will not host an earnings call due to the transaction.

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Disclosure: None. This article is originally published at Insider Monkey.