Danaher Corporation to Acquire IRIS International for Approximately $338 Million

Danaher Corporation DHR announced today that it has entered into a definitive merger agreement with IRIS International, Inc. IRIS pursuant to which Danaher will acquire IRIS by making a cash tender offer to acquire all of the outstanding shares of common stock of IRIS at a purchase price of $19.50 per share, for a net transaction value to Danaher of approximately $338 million, including debt assumed and net of cash acquired.