Microtest Leaps on Acquisition - TheStreet

Microtest (MTST) was up 88.1% in preopen Island trading after the company announced it will be acquired by tool and component maker Danaher Corp. (DHR) - Get Report for $74 million, or $8.15 a share.

The offer represents a 92.1% premium over Microtest's closing price Tuesday of $4.20.

Under the deal, Microtest's network testing equipment business will be combined with Danaher's

Fluke Networks

unit, while Microtest's disk storage unit "is subject to divestiture," the company said.