Monday, February 7, 2011

Danaher Corp. to Buy Beckman Coulter for $5.8 Billion

Danaher Corporation is going to buy Beckman Coulter for an estimated amount of $5.8 billion in cash said reports on Monday.

Danaher was reported to have agreed to pay $83.50 a share as a tender offer for the maker of diagnostic research equipment’s shares.

H. Lawrence Culp Jr., President and Chief Executive of Danaher said on a statement:

“Beckman Coulter is an iconic company with a great brand, broad reach and technology leadership; well positioned in the markets it serves.”

Danaher was said to have made a good pitch against other interested consortium.

On the other hand, Bob Hurley, Beckman Coulter’s President and Chief Executive said on a statement:

“Following a very comprehensive and competitive process, the board of directors voted unanimously to accept Danaher’s proposal. We believe this transaction maximizes Beckman Coulter shareholder value while strengthening the company’s position as a leader in biomedical testing to the benefit of our customers and their health care patients around the world.”

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