|It's official, Danaher to buy Pall. IMO the only thing that's keeping this market from being totally boring is the acquisitions that are happening. At the end of the day. I think corporations have decided it's time to spend some of that cash and leverage at today low rates. In a couple of years there will be new leadership and they will have time to eliminate the overlap and integrate. |
PORT WASHINGTON, N.Y. (AP) -- Danaher will spend approximately $13.56 billion to acquire Pall Corp., a company that makes water filtration systems for airplane manufacturers, public works companies and notably, biopharmaceuticals.
Danaher also announced Wednesday that it will split into two publicly traded companies.
Pall's life sciences segment had $1.5 billion in revenue in 2014, comprising more than half of the company's total revenue for the year. The life sciences unit serves customers in the biopharmaceutical market, food and beverage and medical end markets.
Danaher, which produces goods for the medical and industrial sectors, will pay $127.20 for each share of Pall Corp. share, a 7 percent premium to its Tuesday closing price of $118.62.