Danaher Corp./Keithley Instruments
Danaher Corporation (NYSE: DHR) and Keithley Instruments, Inc. (NYSE: KEI) announced that they have entered into a definitive merger agreement whereby Danaher will acquire Keithley for a consideration of $21.60 per share in cash, or $300 million net of cash assumed. The price is a 74.3% premium to the $12.39 closing price on September 28, 2010.
Keithley's Board has approved the acquisition. The transaction is expected to close in Q410.
Stifel Nicolaus Weisel is acting as exclusive financial advisor and Baker & Hostetler LLP is acting as legal counsel to Keithley Instruments, Inc. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates is acting as legal counsel to Danaher.
Keithley's Board has approved the acquisition. The transaction is expected to close in Q410.
Stifel Nicolaus Weisel is acting as exclusive financial advisor and Baker & Hostetler LLP is acting as legal counsel to Keithley Instruments, Inc. Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates is acting as legal counsel to Danaher.
