8-KOther Events

DANAHER CORP /DE/ 8-K Report (Mar 11, 2002)

Filed March 11, 2002For Securities:DHR

Summary

Danaher Corporation (DHR) filed an 8-K on March 11, 2002, detailing significant financing activities. On March 5, 2002, the SEC declared effective the Company's Form S-3 Registration Statement, authorizing the issuance of up to $1 billion in various securities, including common stock, preferred stock, warrants, and debt. This filing effectively provides Danaher with a flexible framework for raising capital through public offerings. Further to this, the report highlights the successful completion of a common stock offering. On March 6, 2002, Danaher announced the sale of 6,000,000 shares of common stock at $70.00 per share, generating approximately $405 million in net proceeds. The underwriters later exercised their over-allotment option for an additional 900,000 shares on March 8, 2002. This offering demonstrates strong investor demand and strengthens Danaher's financial position, providing capital for potential future investments or operational needs.

Key Highlights

  • 1SEC declared effective Danaher's Form S-3 Registration Statement on March 5, 2002.
  • 2The Registration Statement allows for the issuance of up to $1 billion in securities.
  • 3Danaher announced an offering of 5,000,000 shares of common stock on March 5, 2002.
  • 4The Company completed an offering of 6,000,000 shares of common stock at $70.00 per share on March 6, 2002.
  • 5The offering generated approximately $405 million in net proceeds.
  • 6Underwriters exercised their over-allotment option for an additional 900,000 shares on March 8, 2002.
  • 7An Underwriting Agreement was entered into with Salomon Smith Barney Inc. and Lehman Brothers Inc.

Frequently Asked Questions

This 8-K filing primarily announces the effectiveness of Danaher's S-3 Registration Statement, which enables the company to issue up to $1 billion in various securities, and details the successful completion of a significant common stock offering.

Danaher raised approximately $405 million in net proceeds from the offering of 6,000,000 shares of common stock at $70.00 per share, before considering the exercise of the over-allotment option.

Under the effective registration statement, Danaher is permitted to issue up to an aggregate of $1,000,000,000 of common stock, preferred stock, warrants, debt securities, depositary shares, stock purchase contracts, and stock purchase units.

The underwriters for the common stock offering were Salomon Smith Barney Inc. and Lehman Brothers Inc., acting as representatives for the listed underwriters.