8-KOther EventsExhibits & Filings

DANAHER CORP /DE/ 8-K Report, Corporate Update (Jun 15, 2011)

Filed June 15, 2011For Securities:DHR

Summary

Danaher Corporation (DHR) announced on June 14, 2011, that it entered into a purchase agreement to issue and sell 17,500,000 shares of its common stock in a public offering. The offering is being conducted through a Registration Statement on Form S-3. Danaher has also granted the underwriters an option to purchase up to an additional 1,750,000 shares, which could increase the total number of shares sold. The company anticipates net proceeds of approximately $877.4 million from this offering, assuming the underwriters' option is not exercised. These proceeds are expected to be used for general corporate purposes. The filing also includes legal opinions from the company's counsel regarding the legality of the shares being offered.

Key Highlights

  • 1Danaher Corporation is conducting a public offering of 17,500,000 shares of common stock.
  • 2An option has been granted to underwriters to purchase an additional 1,750,000 shares.
  • 3The offering is expected to generate approximately $877.4 million in net proceeds (before exercise of the option).
  • 4The shares are being sold under a Registration Statement on Form S-3.
  • 5The proceeds are intended for general corporate purposes.
  • 6The company has obtained a legal opinion from Wilmer Cutler Pickering Hale and Dorr LLP regarding the shares.

Frequently Asked Questions

The main event is Danaher Corporation's entry into a purchase agreement for a public offering of 17,500,000 shares of its common stock, with the potential for an additional 1,750,000 shares to be sold.

Danaher expects to receive approximately $877.4 million in net proceeds from the offering, assuming the underwriters' option to purchase additional shares is not exercised.

The filing states that the proceeds are intended for general corporate purposes.

While the filing doesn't detail specific risks, a common risk in stock offerings is dilution to existing shareholders. Additionally, the market value of the shares could fluctuate. Investors should refer to the Prospectus and any related filings for a full discussion of risks.