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News Breaks | | | | October 10, 2012 | | 06:33 EDT |  | DHR, CBE | Danaher, Cooper Industries to sell Apex Tool Group to Bain for $1.6B
Danaher Corporation (DHR) and Cooper Industries (CBE) announced that they have signed a definitive agreement to sell Apex Tool Group to Bain Capital for approximately $1.6B subject to post-closing adjustments. Currently, Danaher and Cooper each maintain a 50% joint venture ownership interest in Apex. Danaher expects the sale to generate after-tax net proceeds of approximately $650M. The closing of the definitive agreement is subject to customary conditions, including regulatory approvals. The parties currently expect that the transaction will close in the first half of 2013. | |
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News For DHR;CBE From The Last 14 Days Check below for free stories on DHR;CBE the last two weeks. |
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| May 20, 2013 | | 07:22 EDT |  | DHR | Electrical Products Group to host a conference
2013 EPG Conference is being held on Longboat Key, Florida on May 20-22 with webcasted company presentations to begin on May 20 at 7:30 am; not all company presentations may be webcasted. Webcast Link | |
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