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Article: Danaher Corporation Agrees to Make a Tender Offer for the Shares of Trojan Technologies Inc.
- Article from:
- PR Newswire
- Article date:
- September 20, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Danaher Corporation announced today that it has agreed with Trojan Technologies Inc. (Trojan) to make a cash tender offer to acquire all of the shares of Trojan (T: TUV) for CAD$10.65 per share (USD $8.25 per share) for an aggregate price of approximately USD$185 million, including transaction costs and net of cash acquired. Trojan is traded on the Toronto Stock Exchange. The Board of Directors of Trojan has recommended that the shareholders of Trojan accept the tender offer. The consummation of the tender offer will be subject to regulatory approvals and other customary closing conditions. Trojan, headquartered in London, Ontario, Canada with annual revenues of ...