Danaher Corp. and Tektronix, Inc. announced that they have reached a definitive agreement under which Danaher will make a cash tender offer to acquire all of the outstanding common shares of Tektronix for $38.00 per share. The aggregate purchase price is approximately $2.8 billion, including debt, transaction costs, and net of cash acquired.

The Board of Directors of Tektronix has unanimously recommended that Tektronix shareholders accept and tender their shares into the offer, which represents a premium of approximately 34 percent to Tektronix´s closing price on October 12, 2007. The offer is subject to customary conditions, including tender of a majority of the outstanding shares into the offer (on a fully diluted basis but excluding any shares issuable pursuant to the Tektronix Notes), regulatory approvals, and the absence of a material adverse change with respect to Tektronix. The transaction is expected to be completed in the fourth quarter of 2007.

With annual revenues of approximately $1.1 billion, Tektronix is a supplier of test, measurement, and monitoring products enabling the design, manufacture, and management of next-generation global communications networks, computing, and advanced technologies.

Tektronix would become part of Danaher´s Electronic Test platform, joining Danaher´s Fluke and Fluke Networks businesses, and nearly doubling the platform´s revenues.

Danaher´s president and CEO, H. Lawrence Culp, Jr., comments, "With its well-recognized brand, significant global reach, and broad-based expertise in providing solutions for end-users in research and product development for high-growth industries, we believe Tektronix provides an excellent complement to our existing Electronic Test business. We have long admired Tektronix´s product innovation and excellent reputation. Through the application of the Danaher Business System, we believe we can continue to deliver strong results in our established businesses and look at attractive adjacent markets for future growth opportunities. We are very pleased to welcome Tektronix´s management team and associates to Danaher."

See www.danaher.com and www.tektronix.com for more information about the acquisition agreement.