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Monday, October 13, 2014

NetScout to purchase Danaher's communications business for $2.6 bln, (NASDAQ: NTCT)

NetScout Systems Inc said it would purchase Danaher Corp's communications business in a stock deal valued at about $2.6 billion, to expand its IT management and cybersecurity businesses. Danaher shareholders will get about 62.5 million NetScout shares, the companies said in a joint statement.

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 fell by 4.18% or $-1.83/share to $41.91. 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 275975.