Masimo to be Acquired by Danaher for $9.58 Billion in All-Cash Transaction

summarizeSummary

Masimo Corporation announced a definitive agreement to be acquired by Danaher Corporation for $180.00 per share in cash, representing a 38% premium and a total transaction value of approximately $9.58 billion.

check_boxKey Events

• Definitive Merger Agreement Signed

  Masimo Corporation will be acquired by Danaher Corporation for $180.00 per share in an all-cash transaction, totaling approximately $9.58 billion.

• Significant Premium Offered

  The $180.00 per share consideration represents a 38% premium to Masimo's closing price of $130.15 on February 13, 2026, the last trading day before the merger agreement was executed.

• Unanimous Board Approval and Recommendation

  Masimo's Board of Directors unanimously approved the merger agreement and recommends that shareholders vote 'FOR' the adoption of the agreement.

• Key Shareholder Support Secured

  Politan Capital Management LP, a significant shareholder, has entered into a voting and support agreement to vote its shares in favor of the merger.

auto_awesomeAnalysis

Masimo Corporation has entered into a definitive merger agreement to be acquired by Danaher Corporation for $180.00 per share in cash, representing a substantial 38% premium over Masimo's closing stock price on February 13, 2026, the last trading day prior to the agreement's execution. This all-cash transaction, valued at approximately $9.58 billion, has been unanimously approved by Masimo's Board of Directors, who recommend shareholders vote in favor. A key positive for Masimo shareholders is Danaher's agreement to assume the risks and potential liabilities associated with Masimo's outstanding litigation matters. The deal is expected to close in the second half of 2026, subject to Masimo shareholder approval and customary regulatory clearances. This acquisition provides Masimo shareholders with a significant and certain cash exit, well above the company's 52-week high, and transfers future operational and litigation risks to the acquirer.