{"id":245373,"date":"2011-02-14T13:46:29","date_gmt":"2011-02-14T13:46:29","guid":{"rendered":"http:\/\/eugenesis.com\/danaher-beckman-coulter-deal-%e2%80%98more-than-fair%e2%80%99\/"},"modified":"2011-02-14T13:46:29","modified_gmt":"2011-02-14T13:46:29","slug":"danaher-beckman-coulter-deal-more-than-fair","status":"publish","type":"post","link":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/pathology\/danaher-beckman-coulter-deal-more-than-fair.php","title":{"rendered":"Danaher-Beckman Coulter Deal: \u2018More than Fair\u2019"},"content":{"rendered":"

Danaher also owns Leica and SlidePath<\/em><\/p>

Danaher agreed to buy lab-equipment maker Beckman Coulter for $5.87 billion<\/a>.<\/p>

Danaher’s deal is valued at $83.50 a share in cash, which the companies said was 45% more than the price of Beckman Coulter shares before The Wall Street Journal and others reported in December that the company was on the auction block<\/a>. At the time, Danaher was among the companies<\/a> expected to take a run at Beckman Coulter.<\/p>

Beckman Coluter’s stock price is pointing up about 10% in pre-market trading, to $82.62. Danaher shares also are trending up – unusual for acquiring companies when they announce deals.<\/p>

Here is a look at Wall Street’s first read on the deal:<\/p>

“While our analysis of strategic buyers suggested that a deal could be done hypothetically at a higher price per share, we felt there were very fewer bidders who could go materially higher than $80 per share without incorporating an equity component and\/or risking changes to their credit rating. Thus, we feel that a sale price in the low $80s is more than fair.” –- Cowen & Co.<\/em><\/p><\/blockquote>

“<\/strong>Given prior speculation about the deal in the press…we think another party coming in over the top at this point is highly unlikely. Valuation looks fair based on prior transactions. <\/strong>The announced $83.50 price represents 11x EV\/(EBITDA-lease capex) on a trailing basis. –- J.P. Morgan<\/em><\/p><\/blockquote>

“We view DHR’s proposed acquisition of BEC for $83.50\/share [~8x 2010e EBITDA (ex options) and ~10% premium to the 2\/4 close] as a positive for DHR. We believe the probability that this deal closes is very high. The bidding process was comprehensive and competitive, and thus we view a higher competing bid as unlikely.” –-Leerink Swann<\/em><\/p><\/blockquote><\/dt>

<\/dt>
\"\"<\/dt><\/dl><\/div>

Courtesy of Wall Street Journal<\/a><\/p><\/div>

<\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a> <\/a><\/div>

<\/p>","protected":false},"excerpt":{"rendered":"

Danaher also owns Leica and SlidePathDanaher agreed to buy lab-equipment maker Beckman Coulter for $5.87 billion.Danaher’s deal is valued at $83.50 a share in cash, which the companies said was 45% more than the price of Beckman Coulter shares before The … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":57,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"limit_modified_date":"","last_modified_date":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[577487],"tags":[],"class_list":["post-245373","post","type-post","status-publish","format-standard","hentry","category-pathology"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/245373"}],"collection":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/comments?post=245373"}],"version-history":[{"count":0,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/posts\/245373\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/media?parent=245373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/categories?post=245373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.euvolution.com\/futurist-transhuman-news-blog\/wp-json\/wp\/v2\/tags?post=245373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}