News Article
Danaher Acquires Keithley Instruments
Keithley is now an indirect wholly owned subsidiary of Danaher Corporation and, as a result of the merger, Keithley shares have already ceased trading on the New York Stock Exchange.
Keithley Instruments, a leader in advanced electrical test instruments and systems, has announced completion of the merger of Aegean Acquisition Corporation, an indirect wholly owned subsidiary of Danaher Corporation, into Keithley pursuant to the previously announced Merger Agreement dated September 29, 2010 among Danaher Corporation, Aegean Acquisition Corporation and Keithley.
Under the terms of the merger agreement, each outstanding common share and class B common share of Keithley has been converted into the right to receive $21.60 per share, in cash, without interest.
Keithley is now an indirect wholly owned subsidiary of Danaher Corporation and, as a result of the
completion of the merger, Keithley shares have already ceased trading on the New York Stock Exchange.
Joseph P. Keithley, the Company’s Chairman, President and CEO, said, “We are pleased to have completed this transaction with Danaher, which we believe represents the best possible way to deliver maximum value to our shareholders. Keithley has a bright future under the ownership of Danaher and, I would like to thank every employee for their hard work and dedication that have brought us to this day.”
With more than 60 years of measurement expertise, Keithley Instruments has become a leader in advanced electrical test instruments and systems. Its customers are scientists and engineers in the worldwide electronics industry involved with advanced materials research, semiconductor device development and fabrication, and the production of end products such as portable wireless devices. The firm serves customers in more than 80 countries and generated $126.9 million of revenue and net income of $24.9 million during the fiscal year ended September 30, 2010.
