Benchmark Downgrades IRIS International (IRIS) to Hold After Takeover Deal

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Danaher (DHR) Acquires IRIS International (IRIS) for $19.50/Share

September 17, 2012 8:06 AM EDT

Danaher Corporation (NYSE: DHR) entered into a definitive agreement to acquire IRIS International, Inc. (NASDAQ: IRIS) for $19.50 per share, for a net transaction value to Danaher of approximately $338 million, including debt assumed and net of cash acquired.

IRIS is... More