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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| B&G Foods, Inc | TG:DHR | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.236 | -2.87% | 8.00 | 7.892 | 7.948 | 8.484 | 8.00 | 8.434 | 1,440 | 16:34:22 |
From Jun 2019 to Jun 2024
DOW JONES NEWSWIRES
Align Technology Inc. (ALGN) said Danaher Corp. (DHR) will receive a roughly 10% stake in the dental products company as part of a patent settlement with one of the industrial conglomerate's subsidiaries, Ormco Corp.
The companies agreed to end patent litigation and enter an exclusive seven-year strategic collaboration to develop and market an orthodontic product using Align's clear removable teeth-straightening appliances and Ormoco's orthodontic brackets and arch wires systems. Both companies will retain and receive patents in their respective fields related to the jointly developed products.
In June, a jury found that Align's process for creating representations of teeth used in creating its aligners infringed on several claims of Ormco patents.
The settlement includes the issuance of about 7.6 million shares in Align, valued at about $77 million based on Friday's closing price, along with a cash payment of about $13 million.
Danaher's shares closed at $60.10 Friday. Neither company's shares traded premarket.
-By Tess Stynes, Dow Jones Newswires; 212-416-2481; tess.stynes@dowjones.com
1 Year B&G Foods Chart |
1 Month B&G Foods Chart |
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