Masimo Stock Is Stuck Just Below Danaher’s $180 Bid. The Gap Is the Story
Masimo Corp shares were little changed before Thursday’s open, holding just under Danaher’s $180-a-share cash offer as investors waited for the remaining approvals needed to close the medical-device takeover. The stock was last quoted at $178.78, up 5 cents from its prior close, leaving a narrow deal spread — the gap between the market price and takeover price — of about $1.22 a share, or roughly 0.7%. That spread is now the main trade in Masimo.