According to a Reuters report, Danaher announced it would buy Pall Corp., supplier of filtration, separation and purification products, for about $13.8 billion, including debt. Danaher said it would split into two publicly traded companies after the deal.
On Monday it was reported that Danaher and Thermo Fisher Scientific were expected to bid later this week, and Pall shares jumped more than 17 percent in extended trading. At Monday's close, Pall's market capitalization was about $10.6 billion. Danaher's offer marks a 28 percent premium from Monday's close.
Read the full article
