Danaher Sets Exchange Offer as It Works to Shed Remaining Envista Stake
November 15 2019 - 7:24AM
Dow Jones News
By Colin Kellaher
Danaher Corp. (DHR) Friday said it will launch an exchange offer
as part of its plan to shed its remaining 80.6% interest in Envista
Holdings Corp. (NVST).
The Washington science and technology company said its
shareholders will have the option to exchange their Danaher
holdings for shares of Envista at a 7% discount.
Danaher, which owns about 127.9 million Envista shares, said
completion of the exchange offer is subject to the distribution of
at least 38.36 million of those shares.
Envista, a Brea, Calif., dental-products company, completed its
initial public offering in September.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 15, 2019 07:09 ET (12:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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