Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Fri, May 20, 10:09 PM
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Slide #93. Danaher Corporation — Preferred Stock Offering
Danaher Corporation (NYSE:DHR)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Danaher Corporation (NYSE:DHR) ("Danaher") announced today that it has commenced concurrent offerings of $1.25 billion of shares of common stock and $1.25 billion of shares of Series B 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 $187.5 million of shares of common stock, and up to an additional $187.5 million of shares of mandatory convertible preferred stock. -updated 5/8- Danaher Corporation (NYSE:DHR) ("Danaher") announced today that it has priced concurrent offerings of 9,509,203 shares of common stock at a price to the public of $163.00 per share and 1,550,000 shares of 5.00% Series B 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 1,426,379 shares of common stock, and up to an additional 167,500 shares of mandatory convertible preferred stock. The offerings are scheduled to be completed on May 12, 2020, subject to customary closing conditions.
Danaher designs, manufactures and markets medical, industrial and commercial products and services. Co.'s segments are: Life Sciences, which provides instruments to study genes, proteins, metabolites and cells, in order to understand the causes of disease, identify therapies, and test drugs and vaccines; Diagnostics, which provides clinical instruments, reagents, consumables, software and services that hospitals, physicians' offices, reference laboratories and other critical care settings use to diagnose disease and make treatment decisions; 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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Strong Buy (3.50 out of 4)
(ranked higher than approx. 63% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com