Pall shareholders to vote Tuesday on takeover by Danaher
Shareholders of Pall Corp., Long Island's fifth largest public company by revenue, will gather at the company's Port Washington headquarters Tuesday, July 28, 2015, for a special meeting to authorize the $13.8 billion acquisition of the company by Danaher Corp. Credit: Barry Sloan
Shareholders of Pall Corp., Long Island's fifth largest public company by revenue, will gather at the company's Port Washington headquarters Tuesday for a special meeting to authorize the $13.8 billion acquisition of the company by Danaher Corp.
The deal, previously cleared by the Federal Trade Commission, won approval Monday from the European Union.
The acquisition announced in May by Pall, a maker of filtration products, and the Washington, D.C., conglomerate calls for shareholders to receive $127.20 per share and is expected to win approval. In addition to authorizing the acquisition, shareholders will cast nonbinding, advisory votes on the "golden parachute" compensation awarded to Pall executives.
Ken Schachter covers corporate news, including technology and aerospace, and other business topics for Newsday. He has also worked at The Miami Herald and The Jerusalem Post.
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