Updated on 1 September 2015
Pall's common stock will cease to be traded on the New York Stock Exchange
Singapore: Danaher Corporation, a global science and technology innovator, has completed the acquisition of Pall Corporation, a global firm infiltration, separation and purification technologies in a $13.8 billion deal.
On May 13, 2015, when Pall had announced the acquisition deal, Mr Larry Kingsley, chairman and chief executive officer, Pall Corporation had commented, "This transaction delivers substantial value to our shareholders and creates an incredible opportunity for long-term growth that will benefit all of our stakeholders. Pall is a complementary fit for Danaher, with Danaher's proven management system and strong financial position coupled with Pall's expertise, brand and channel strength in the field of filtration and separation science enabling the creation of tremendous value for the global customers of the combined company. Our employees will benefit by being associated with a world-class company that has the capability to further enhance Pall's market position."
On August 31, 2015, Danaher completed the merger of Pentagon Merger, a New York corporation and an indirect wholly owned subsidiary of Danaher, into Pall and, as a result, Pall has become an indirect wholly owned subsidiary of Danaher. In the merger, each outstanding share of Pall common stock was cancelled and (except for shares held by Danaher, Pentagon, Pall and their respective subsidiaries) converted into the right to receive $127.20 per share in cash, without interest.
Pall's common stock will cease to be traded on the New York Stock Exchange.