Do I need to tender shares I hold outright, under the ESPP and under the k plan to participate in the tender offer process? Danaher will, if all closing conditions to the merger are satisfied, effect a merger pursuant to which Tektronix will become a wholly owned subsidiary of Danaher and Tektronix shares will no longer be publicly traded. Retrieved from " https: Danaher will, assuming the conditions to the merger are satisfied, effect a merger whereby Tektronix will become a wholly owned subsidiary of Danaher. If you are not an employee at the time of the close of the merger, you will not be cashed out on your unvested options, restricted stock or restricted stock units that would have accelerated at the time of the merger and these awards will be cancelled. If the shares are held in your account under the Tektronix k Plan, you should be receiving tender offer materials and instructions for tendering from MacKenzie Partners. They get cashed out and cancelled in the merger. From Wikipedia, the free encyclopedia.