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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 | |
---|---|---|---|---|---|---|---|---|
1.41 | 0.57% | 248.25 | 249.73 | 247.59 | 248.45 | 1,787,707 | 01:00:00 |
By Colin Kellaher
Danaher Corp. (DHR) Friday said it will launch an exchange offer as part of its plan to shed its remaining 80.6% interest in Envista Holdings Corp. (NVST).
The Washington science and technology company said its shareholders will have the option to exchange their Danaher holdings for shares of Envista at a 7% discount.
Danaher, which owns about 127.9 million Envista shares, said completion of the exchange offer is subject to the distribution of at least 38.36 million of those shares.
Envista, a Brea, Calif., dental-products company, completed its initial public offering in September.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 15, 2019 07:09 ET (12:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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