Stock Movers: Danaher Acquires Masimo, Warner Bros. Reopens Paramount Deal Talks

Danaher's Acquisition of Masimo

• 💡 Danaher is acquiring medical device maker Masimo in an all-cash deal valued at approximately $10 billion.
• 📈 The acquisition price of $180 per share represents a 40% premium over Masimo's closing share price, causing Masimo stock to surge by 35%.
• 📉 Masimo, known for patient monitoring technologies like pulse oximeters, had seen its stock down 28% over the past year, while Danaher's stock fell 6% premarket.
• ⚖️ Masimo recently won a legal battle against Apple, being awarded $634 million for patent infringement related to Apple Watch heart rate alerts.

Norwegian Cruise Line Stake

• 🚀 Norwegian Cruise Line (NCLH) shares rose over 5.5% after activist investor Elliott Investment Management built a stake of more than 10%, becoming the largest stakeholder.
• 🎯 Elliott aims to implement changes at Norwegian and is reportedly in talks with Adam Goldstein, former president and COO of Royal Caribbean, to join the board.
• 📊 The move comes as Norwegian is underperforming its rivals, Royal Caribbean and Carnival.

Warner Bros. Discovery Deal Talks

• ⏳ Warner Bros. Discovery has temporarily reopened sale negotiations with Paramount for seven days, following a waiver from Netflix.
• 💬 A banker at Paramount indicated they would offer at least $31 a share if Warner Bros. reopened discussions, despite the Warner Bros. board still recommending the Netflix deal.
• 🔥 The speaker suggests this is a "must-have deal" for Paramount, urging an aggressive bid.