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
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