S&P may cut Danaher

Standard & Poor's said it placed the A+ corporate credit and senior unsecured ratings on Danaher Corp. on CreditWatch with negative implications following the announcement that Danaher would acquire Tektronix Inc. for $2.8 billion.

S&P affirmed the A-1 commercial paper rating.

The acquisition of Tektronix is expected to be funded primarily with debt and will result in increases in financial leverage to levels above its current rating level, according to the agency.

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