Danaher Corporation acquired Joslyn Corporation for approximately $245 million, a transaction completed in September 1995, structured as Cash tender offer at $34 per share.
Joslyn Corporation operates in Tools and Components; electrical apparatus. Danaher obtained control of Joslyn Corporation as of September 1, 1995 when shareholders tendered approximately 75% of outstanding shares at $34 per share in cash; the remaining 25% was acquired in October 1995. Joslyn included electrical apparatus lines of Joslyn Manufacturing Company.
Added electrical apparatus and power products alongside Danaher's hand tools and controls businesses.
The Company obtained control of Joslyn Corporation (Joslyn) as of September 1, 1995 when Joslyn's shareholders tendered approximately 75% of the outstanding shares to Danaher for $34 per share in cash. The remaining 25% was acquired in October, 1995. Total consideration for Joslyn was approximately $245 million.Danaher Corporation Form 10-K for fiscal year 1995
Advisory firms were not disclosed for this transaction.