Tags: Danaher | Pall Corp | water | air filters

Danaher to Buy Pall Corp. for $13.8 Billion, to Split Into Two

Wednesday, 13 May 2015 05:43 AM

Danaher Corp. said it would buy Pall Corp., a maker of water and air filters, for about $13.8 billion including debt and then split into two public companies.

The company retaining the Danaher name will comprise Pall Corp. and Danaher's existing life sciences and diagnostics, dental, water quality and product identification businesses.

The other will be a diversified industrial company making test and measurement, retail fueling, telematics and automation products.

Danaher said it expects the tax-free separation to complete by the end of 2016.

Danaher's shares rose 5.7 percent to $90.94 in premarket trading on Wednesday.

Pall Corp.'s shares rose 4.8 percent to $124.35, just shy of Danaher's offer of $127.20 per share.

The offer represents a premium of 28 percent to Pall Corp.'s closing price on Monday before the Wall Street Journal reported Pall Corp. was for sale.

Danaher said it expects to finance the deal mainly with available cash and the issuance of debt or new credit facilities.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Companies
Danaher Corp. said it would buy Pall Corp., a maker of water and air filters, for about $13.8 billion including debt and then split into two public companies.
Danaher, Pall Corp, water, air filters
160
2015-43-13
Wednesday, 13 May 2015 05:43 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved