
Shares of life sciences firm Danaher DHR.N down about 6.4% at $199 premarket
DHR will acquire pulse oximeter maker Masimo for $9.9 billion including debt, the companies said
The deal values Masimo, which has been in a long patent dispute with iPhone maker Apple AAPL.O, at $180 per share, a 38.3% premium to its last close
Masimo shares up 34.4% to $174.89 before the bell
The companies expect the deal to close by the second half of 2026
YTD, DHR down around 7%, MASI shares mostly flat