Shares of Masimo, Danaher Moving on Acquisition Buzz

Medical technology stock Masimo Corp (NASDAQ:MASI) is soaring today, last seen up 34.3% to trade at $174.78, after reports that the company is nearing an agreement to be acquired by Danaher Corp (NYSE:DHR) in an all-cash deal worth roughly $10 billion. DHR, on the other hand, is down 4% to trade at $204.12 after the news. On track for its largest single-day percentage gain on record, MASI is gapping to its highest levels since June. Year over year, however, the equity is still hanging on to a 3.7% deficit.  ...