Danaher Closes Acquisition Of Pall Corp. - Quick Facts

(RTTNews) - Diversified machinery maker Danaher Corp. (DHR) announced the completion of its acquisition of Pall Corp. (PLL).

On August 31, 2015, Danaher completed the merger of Pentagon Merger Sub, Inc., a New York corporation and an indirect wholly owned subsidiary of Danaher, into Pall and, as a result, Pall has become an indirect wholly owned subsidiary of Danaher.

In the merger, each outstanding share of Pall common stock was cancelled and (except for shares held by Danaher, Pentagon, Pall and their respective subsidiaries) converted into the right to receive $127.20 per share in cash, without interest.

Pall's common stock will cease to be traded on the New York Stock Exchange.

In May 2015, Danaher said that it agreed to acquire filtration products maker Pall Corp. (PLL) for an enterprise value of about $13.8 billion, including assumed debt.