News Spotlight: Danaher Corporation (NYSE:DHR)

Danaher Corporation (NYSE:DHR) stock observed trading -3.60% off 52-week high price. On the other end, the stock has been noted 48.28% away from low price over the last 52-weeks. The stock disclosed a move of -0.43% away from 50 day moving average and 12.32% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.71% off 20-day moving average. It has market cap of $100327.97M and dividend yield of 0.48%.

 On Sept. 04, 2019, Danaher Corporation (NYSE:DHR) declared that its wholly-owned subsidiary, DH Europe Finance II S.à r.l. (Danaher International II), has priced an offering of:

  • €1,250,000,000 principal amount of 0.200% senior notes due 2026 at an offering price of 99.833% of the principal amount;
  • €1,250,000,000 principal amount of 0.450% senior notes due 2028 at an offering price of 99.751% of the principal amount;
  • €1,750,000,000 principal amount of 0.750% senior notes due 2031 at an offering price of 99.920% of the principal amount;
  • €1,250,000,000 principal amount of 1.350% senior notes due 2039 at an offering price of 99.461% of the principal amount; and
  • €750,000,000 principal amount of 1.800% senior notes due 2049 at an offering price of 99.564% of the principal amount (collectively, the senior notes).

Danaher estimates that the net proceeds from the sale of the senior notes in this offering will be approximately €6.197 billion, after deducting the underwriting discounts and estimated offering expenses payable by Danaher. Danaher anticipates using the net proceeds to fund a portion of the cash consideration payable for, and certain costs associated with, its acquisition of the Biopharma Business of GE Life Sciences (the GE Biopharma Acquisition). Pending completion of the GE Biopharma Acquisition, Danaher may invest the net proceeds of the offering in short-term bank deposits or invest them in interest-bearing, investment-grade securities. The senior notes will be fully and unconditionally guaranteed on a senior unsecured basis by Danaher. The offering is expected to close on September 18, 2019, subject to customary closing conditions.

The offering is being made pursuant to an effective shelf registration statement on file with the U.S. Securities and Exchange Commission.

 The USA based company Danaher Corporation moved with change of 0.28% to $140.26 with the total traded volume of 1525175 shares in recent session versus to an average volume of 2205.54K. The stock was observed in the 5 days activity at 1.45%. The one month performance of stock was 3.36%. DHR’s shares are at 4.52% for the quarter and driving a 35.46% return over the course of the past year and is now at 36.02% since this point in 2018.  Right now the stock beta is 0.94. The average volatility for the week and month was at 1.65% and 2.00% respectively. There are 715.3M shares outstanding and 637.14M shares are floated in market.

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