Danaher Exchange Offer – Special Situation

November 15, 2019

DHR: $141.43

Market Cap: $101.6N

Enterprise Value: $103.4BN

NVST: $27.20

Market Cap: $4.3BN

Enterprise Value: $5.8BN

Exchange Offer

Danaher (DHR) announced this morning that it will proceed with an exchange offer for shareholders who want to swap their DHR shares for Envista (NVST) shares. NVST is a recent spin-off/partial IPO of Danaher’s dental products division.<