Danaher (DHR) Announces Completion of Cepheid (CPHD) Acquisition

November 7, 2016 6:07 AM EST

Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

Danaher Corporation (NYSE: DHR) announced that it completed its acquisition of Cepheid (Nasdaq: CPHD).

Copper Merger Sub, Inc. ("Copper"), a California corporation and an indirect wholly owned subsidiary of Danaher, has merged into Cepheid and, as a result, Cepheid has become an indirect wholly owned subsidiary of Danaher. In the merger, each outstanding share of Cepheid common stock was cancelled and (except for shares held by Danaher, Copper, Cepheid and their respective subsidiaries) converted into the right to receive $53.00 per share in cash, without interest.

Cepheid's common stock will cease to be traded on the Nasdaq Stock Market. Detailed instructions will be sent to former Cepheid shareholders outlining the steps to be taken to obtain the merger consideration of $53.00 per share in cash, without interest.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Definitive Agreement

Add Your Comment