Regulators OK Danaher purchase |
|
|
|
Published
:
Fri, 29 Jun 2007 21:58
|
WASHINGTON (AP) - Federal antitrust regulators have approved Danaher Corp.'s $435 million purchase of ChemTreat Inc., which provides water treatment products and services.The government has completed its review and approved the transaction without conditions, according to a Federal Trade Commission notice issued Friday.Danaher, which makes medical and industrial instruments, said when announcing the transaction in May that it expects the deal to add modestly to 2008 earnings.Glen Allen, Va.-based ChemTreat had over $200 million in revenue in its most recent fiscal year, Danaher said. The company focuses on boiler, cooling water and industrial waste water applications.Shares of Danaher rose 50 cents to close at $75.50.Questions or comments about this story should be directed to Financial News Desk at the Associated Press at 212-621-7190.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
Print this Story
Danaher buys ChemTreat for $435 million 