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DHR Danaher Corporation

246.84
-0.05 (-0.02%)
03 May 2024 - Closed
Delayed by 15 minutes
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
  -0.05 -0.02% 246.84 249.435 242.66 248.99 2,780,503 01:00:00

Pall Europe's President Resigns

30/07/2015 12:50am

Dow Jones News


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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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