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Strong Buy (3.50 out of 4)
66th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sunday, January 19, 3:58 PM
Slide #28. Danaher Corporation — Preferred Stock Offering
| Company: |
Danaher Corporation (NYSE:DHR) |
| Date announced: |
2/25/2019 |
| Shares Offered: |
1,500,000 |
| Date of Pricing: |
2/26/2019 |
| Price Per Share: |
$1,000.00 |
| Preferred Stock Offering Details: |
Danaher Corporation (NYSE: DHR) ("Danaher") announced today that it has commenced concurrent offerings of $1.35 billion of shares of common stock and $1.35 billion of shares of Series A Mandatory Convertible Preferred Stock, subject to market and other conditions (the offerings). Danaher expects to grant the underwriters separate 30-day options to purchase up to an additional $135 million of shares of common stock, and up to an additional $135 million of shares of mandatory convertible preferred stock. -updated 2/26- Danaher Corporation (NYSE:DHR) ("Danaher") announced today that it has priced concurrent offerings of 11,000,000 shares of common stock at a price to the public of $123.00 per share and 1,500,000 shares of 4.75% Series A Mandatory Convertible Preferred Stock at a price to the public of $1,000 per share (the offerings). The underwriters have separate 30-day options to purchase up to an additional 1,100,000 shares of common stock, and up to an additional 150,000 shares of mandatory convertible preferred stock. The offerings are scheduled to be completed on March 1, 2019, subject to customary closing conditions. |
Danaher designs, manufactures and markets medical, industrial and commercial products and services, Co. has four segments: Life Sciences, which provides research tools to study the basic building blocks of life, including genes and proteins; Diagnostics, which provides analytical instruments, reagents, consumables, software and services to hospitals, physicians' offices, and reference laboratories; Dental, which provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone; and Environmental and Applied Solutions, which provides products and services that help protect resources and keep global food and water supplies safe.
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