Announced
Completed
Financials
Tags
United States
Spin Off
Demerger
Completed
Friendly
Single Bidder
water quality testing
Water
wastewater treatment
water quality
Domestic
Majority
Public
Synopsis
Danaher, a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world, completed the spin-off of Veralto, a water quality company that helps customers manage, treat, purify, and protect the world’s waters, from municipal and also provides wastewater treatment facilities. Danaher stockholders received one share of common stock of Veralto for every three shares of Danaher common stock held. "Today marks an exciting milestone for Danaher. The successful spin-off of Veralto as an independent company creates exceptional opportunities for both Danaher and Veralto to better serve their customers, deliver on their respective strategic priorities and create greater long-term shareholder value," Rainer M. Blair, Danaher President and CEO.
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