Washington, DC 5/13/15; Washington, DC 5/13/15; Port Washington, NY 5/13/15—Science and technology company Danaher has announced the intended acquisition of Pall and the subsequent division of Danaher into two companies. Danaher has agreed to acquire Pall, a provider of filtration, separation and purification solutions, for $127.20 per share in cash, or $13.8 billion, including assumed debt and net of acquired cash. The price is a 28% premium to Pall’s closing price on May 11, a day before media reports regarding the possible transaction. For the fiscal year ending July 2014, Pall recorded $2.8 billion in revenues. “Pall will provide us a leading business with significant runway for expansion and strengthens our life sciences position in the strategically attractive, high-growth biopharmaceutical market, “stated Danaher President and CEO Thomas P. Joyce, Jr. Expected to close by the end of the year, the transaction is estimated to be $0.40 accretive to Danaher’s non-GAAP adjusted net EPS in 2016. Following the completion of the acquisition, Danaher plans to split into two publicly traded companies, one focused on science and technology, and the other focused on industrial platforms. The science and technology company will retain the Danaher name and consist of Danaher’s Dental, Life Sciences & Diagnostics, Product Identification and Water Quality businesses, as well as Pall. The new company will be a diversified industrial growth company consisting of Danaher’s Test & Measurement Instruments platform. The split is expected to be completed by the end of 2016.