Phil Law Weblog

Sybron Dental Specialties Inc. (SYD.N: Quote, Profile, Research) and industrial tool maker Danaher Corp. (DHR.N: Quote, Profile, Research) have agreed to settle a California class action lawsuit related to their $2 billion merger.

The allegations against Danaher, Sybron and Sybron’s directors related to Danaher’s tender offer to buy Sybron shares at $47 each.

As part of the settlement, the companies will reduce to $45 million the termination fee in case the merger falls apart.

The tender offer is set to expire on May 15. On Wednesday, Danaher said the merger received U.S. antitrust approval.

Link

Filed under Class Action, General Law, Settlements

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