U.S. healthcare technology group Danaher Corp is combining its communications unit with NetScout Systems Inc, scaling up the business at a time when companies are spending aggressively on cybersecurity.Danaher shareholders will get NetScout shares worth $2.6 billion, giving them majority stake in the company, while NetScout will have operational control.Danaher's communications business sells cybersecurity products and tools to manage networks, while NetScout makes products that monitor software applications on networks.Danaher's technology will help jump start NetScout's cyber security efforts, NetScout CEO Anil Singhal said, noting that the deal comes after five years of talks with Danaher.
Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. Shares of DHR traded higher by 0.7% or $0.5/share to $72.36. In the past year, the shares have traded as low as $68.80 and as high as $81.14. On average, 3173050 shares of DHR exchange hands on a given day and today's volume is recorded at 1662050.
NetScout Systems, Inc. (NetScout), designs, develops, manufactures, markets, licenses, sells and supports application and network performance management and service assurance solutions focused on assuring service delivery quality, performance and availability for some of the complex Internet protocol (IP) based service delivery environments. Shares of NTCT traded higher by 0.43% or $0.18/share to $42.09. In the past year, the shares have traded as low as $24.75 and as high as $48.13. On average, 215346 shares of NTCT exchange hands on a given day and today's volume is recorded at 619092.
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