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MASI > SEC Filings for MASI > Form 8-K on 16-May-2014All Recent SEC Filings

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Form 8-K for MASIMO CORP


16-May-2014

Completion of Acquisition or Disposition of Assets


Item 2.01. Completion of Acquisition or Disposition of Assets.

On May 12, 2014, Masimo Corporation, through its wholly owned subsidiary (collectively "Masimo"), completed the purchase of the land and a 213,800 square foot building located in Irvine, California (the "Property") from Nikken, Inc. ("Nikken"), pursuant to the Agreement of Purchase and Sale and Escrow Instructions, dated as of November 1, 2013, by and between Masimo and Nikken, as amended (the "Purchase Agreement"). Masimo's entry into the Purchase Agreement was previously reported in Masimo's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 18, 2014. Pursuant to the Purchase Agreement, the purchase price of the Property was $56.0 million, excluding adjustments, reimbursements, prorations and credits. Masimo intends to use the Property primarily as its new corporate and research and development headquarters.
There is no material relationship between Masimo or any of its affiliates and Nikken or any of its affiliates outside of the Purchase Agreement.
The foregoing description of the Purchase Agreement is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which was filed as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5 to Masimo's Quarterly Report on Form 10-Q for the fiscal quarter ended March 29, 2014, filed with the Securities and Exchange Commission on May 1, 2014.


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