Topic: How To Invest

Spinoffs, Takeovers and Special Situations Hotline – Friday, July 27, 2018

Article Excerpt

DANAHER CORP., $102.75, symbol DHR on New York, makes precision testing equipment and tools. Its major customers include medical research labs, dentists and municipal water utilities. Its brands include Beckman Coulter, ChemTreat, Pantone and Kavo Kerr. In July 2016, Danaher combined its Test & Measurement business with its Industrial Technologies operations and spun off that firm off as Fortive Corp., symbol FTV on New York. Shareholders received one share of Fortive for every two Danaher shares they held. On July 19, 2018, Danaher announced that it will now spin off its dental business, which includes its Nobel Biocare, Ormco and KaVo Kerr brands While yet to provide more details regarding the spinoff, it should be completed sometime in the second half of 2019. The new company will have almost $3 billion in annual revenue and 12,000 employees worldwide. In the three months ended June 29, 2018, Danaher’s revenue rose 10.4%, to $4.98 billion from $4.51 billion a year earlier. Earnings per share in the…

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