WASHINGTON, April 23, 2015 /PRNewswire/ -- NetScout Systems, Inc. (NASDAQ: NTCT) and Danaher Corporation (NYSE: DHR) announced today that NetScout has received clearance from the U.S. Department of Justice with respect to its proposed acquisition of Danaher's Communications business.
With this clearance, the transaction remains on schedule to close in the summer of 2015. Completion of the transaction is subject to approval by NetScout shareholders, other customary closing conditions, and Danaher's receipt of a ruling by the U.S. Internal Revenue Service and an opinion of counsel regarding certain tax matters.
As a reminder, Danaher will webcast its quarterly earnings conference call for the first quarter 2015 today, April 23, 2015 beginning at 8:00 a.m. ET. The call will be webcast on the "Investors" section of Danaher's website, www.danaher.com. The conference call can also be accessed by dialing 888-811-5445 within the U.S., or 913-312-0671 outside the U.S., a few minutes before 8:00 a.m. ET and referencing Danaher's earnings conference call (access code 6588001). Danaher's earnings press release, webcast slides and other related materials are available on the "Investors" section of Danaher's website under the subheading "Financial Information."
Danaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands have unparalleled leadership positions in some of the most demanding and attractive industries, including health care, environmental and industrial. The company's globally diverse team of 71,000 associates is united by a common culture and operating system, the Danaher Business System. In 2014, Danaher generated $19.9 billion in revenue and its market capitalization exceeded $60 billion. For more information please visit www.danaher.com.
NetScout is the market leader in application and network performance management solutions that enable enterprise and service provider organizations to assure the quality of the user experience for business and mobile services. NetScout's technology helps these organizations proactively manage service delivery and identify emerging performance problems, helping to quickly resolve issues that cause business disruptions or negatively impact users of information technology.
Statements in this release that are not strictly historical, including statements regarding the anticipated timing of the closing of the Transaction and any other statements regarding events or developments that Danaher believes or anticipates will or may occur in the future, are "forward-looking" statements within the meaning of the federal securities laws. There are a number of important risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These risks and uncertainties include, among other things, the ability of Danaher and NetScout to satisfy the conditions to the Transaction on a timely basis. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in Danaher's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2014 and Quarterly Report on Form 10-Q for the quarter ended April 3, 2015. These forward-looking statements speak only as of the date of this release and Danaher assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
SOURCE Danaher Corporation