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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Danaher Corporation | NYSE:DHR | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.78 | 0.32% | 246.58 | 248.0992 | 243.68 | 244.06 | 2,709,341 | 00:56:48 |
By Maria Armental
Pall Corp.'s president of its European business has resigned effective Friday, the company said.
Wolfgang Platz, who joined Pall in 1981 and was most recently based in Switzerland, submitted his resignation Tuesday, the same day the company held a special shareholders' meeting to vote on the takeover offer from Danaher Corp.
"Mr. Platz's departure is not due to a dispute or disagreement with the Company," Pall said in a regulatory filing.
Under Mr. Platz's contract, either party could opt to end the contract with seven month's notice, according to a regulatory filing.
Shareholders overwhelmingly approved the merger, which is expected to close by the end of the year, Pall said Wednesday.
Based in Port Washington, N.Y., Pall makes water-filtration and purification systems for a wide range of customers, including biopharmaceutical companies and municipal water suppliers.
Pall would be Danaher's largest takeover, topping the $5.9 billion it paid in 2011 for Beckman Coulter Inc., according to S&P Capital IQ.
Shares, up nearly 25% this year, closed Wednesday at $126.43.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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