Traders should note the significant premium and high likelihood of deal completion given board support, voting agreements, and financing certainty. The stock is trading at $177.87, close to the offer price, indicating limited arbitrage opportunity. Monitor for regulatory approvals and any competing bids that could emerge during the pendency period.
Price Chart
Executive Summary
Masimo Corp (MASI) is being acquired by Danaher Corporation in an all-cash deal valued at approximately $9.4 billion, with Masimo shareholders receiving $180.00 per share—a 38% premium over the pre-announcement stock price. The merger has unanimous board approval and a fairness opinion from Centerview Partners, with shareholder approval expected on May 1, 2026, and closing anticipated in the second half of 2026.
Key Financial Metrics
Key Facts
- All-cash acquisition by Danaher at $180.00 per share
- 38% premium to Masimo's $130.15 closing price on February 13, 2026
- Deal valued at approximately $9.4 billion based on 52.36 million shares outstanding
- Unanimous board approval and recommendation to shareholders
- Fairness opinion from Centerview Partners confirming financial fairness
- Shareholder vote scheduled for May 1, 2026, with closing expected in second half of 2026
- Termination fee of $305 million if Masimo walks away under certain conditions
Financial Impact
$180.00 per share in cash, representing a 38% premium and total transaction value of approximately $9.4 billion
Risk Factors
- Regulatory approvals, including HSR review and potential foreign antitrust clearances
- Risk of competing acquisition proposals emerging before shareholder vote
- Potential litigation challenging the merger process or terms
- Deal could be terminated if Masimo board changes recommendation or accepts superior offer
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFM14A Filing (Primary) | 0001104659-26-038289 |
| Document: tm268869-3_defm14a.htm | 0001104659-26-038289 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 22, 2026 14w ago | 15-12G | — | awaiting T+5 | — | — |
Jun 10, 2026 16w ago | 8-K | $179.95 $179.95 | · 0.00% | ▼ −2.14% | — |
May 4, 2026 21w ago | 8-K | $177.90 $178.08 | ▲ +0.10% | ▼ −2.83% | — |
Apr 21, 2026 23w ago | Court Ruling | $178.21 $178.10 | ▲ +0.06% | ▲ +1.15% | — |
Apr 1, 2026 26w ago | DEFM14A | $177.95 $177.88 | ▼ −0.04% | ▼ −3.80% | — |
Mar 18, 2026 28w ago | PREM14A | $178.51 $176.87 | ▼ −0.92% | ▲ +1.29% | — |
Feb 27, 2026 30w ago | DFAN14A | $175.27 $175.42 | ▲ +0.09% | ▲ +1.29% | — |
Jan 23, 2026 36w ago | Court Ruling | $140.64 $137.02 | ▼ −2.57% | ▼ −2.96% | — |
Jan 23, 2026 36w ago | Court Ruling | $140.64 $137.02 | ▼ −2.57% | ▼ −2.96% | — |
US Market Status
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