By Liz Hoffman, Dana Cimilluca and Dana Mattioli
Pall Corp. is in the late stages of an auction that could value
the maker of water-filtration and purification systems at well over
$10 billion.
Potential buyers Danaher Corp. and Thermo Fisher Scientific Inc.
are vying for Pall, with final bids due later this week, people
familiar with the matter said.
The price couldn't immediately be learned and the talks may not
lead to a deal.
Port Washington, N.Y.-based Pall had a market value as of
Monday's close of $10.6 billion, and given prices typically paid in
takeovers, a deal for the company could be valued at roughly $13
billion or more.
Pall stock had already risen 19% over the past year on a series
of strong earnings reports, and hit an all-time high of $105.02
earlier this year, according to FactSet. The shares closed Monday
at $99.31, down slightly.
Pall had revenue of $2.8 billion last year, up 5% from 2013,
according to securities filings. The company sells its purification
and filtration products to customers ranging from biopharmaceutical
companies and municipal water suppliers.
Write to Liz Hoffman at liz.hoffman@wsj.com, Dana Cimilluca at
dana.cimilluca@wsj.com and Dana Mattioli at
dana.mattioli@wsj.com
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