On Tuesday, Shares of Danaher Corp. (NYSE:DHR), gained 1.09% to $88.96.
Danaher Corporation, declared the preliminary results of its exchange offer for Danaher common stock in connection with the formerly declared separation of Danaher’s Communications business and the merger of Potomac Holding LLC, the Danaher partner holding its Communications business, with a partner of NetScout Systems, Inc. (NTCT). Danaher has accepted shares of Danaher common stock tendered in the exchange offer, subject to proration, and the merger has closed.
In the exchange offer, Danaher shareholders had the option to exchange some, none or all of their shares of Danaher common stock for Potomac Holding LLC common units, subject to proration. As a result of the closing of the merger, each Potomac Holding LLC common unit has been automatically converted into the right to receive one share of NetScout common stock. As a result, Danaher shareholders who tendered their shares of Danaher common stock as part of the exchange offer will receive about 2.4000 shares of NetScout common stock for each share of Danaher common stock tendered and accepted for exchange.
Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company’s Test & Measurement segment provides test, measurement, and monitoring products that are used in electronic design, manufacturing, and technology development; hardware and software solutions to deploy, manage, and secure communication network technologies and services; and tools, toolboxes, and automotive maintenance equipment.
Shares of Scorpio Tankers Inc. (NYSE:STNG), inclined 2.30% to $10.69, during its last trading session, hitting its highest level.
Scorpio Tankers, declared that it (i) has reached separate agreements to purchase an MR product tanker and an LR2 product tanker that are presently under construction, (ii) has recently taken delivery of five new-building vessels and (iii) plans to issue its second quarter 2015 earnings before the market open on Wednesday, July 29, 2015 and will host a conference call later in the day at 10 AM Eastern Daylight Time and 4 PM Central European Summer Time
Scorpio Tankers Inc., together with its auxiliaries, engages in the seaborne transportation of refined petroleum products and crude oil worldwide. As of March 31, 2015, it owned 67 tankers comprising 11 LR2 tanker, 2 LR1 tankers, 15 Handymax tankers, 39 MR tankers with an average age of 1.1 years; and time charters-in 20 product tankers, counting 5 LR2, 5 LR1, 3 MR, and 7 Handymax tankers.
Finally, V.F. Corporation (NYSE:VFC), ended its last trade with -0.23% loss, and closed at $72.75.
V.F. Corporation, plans to release its second quarter fiscal 2015 financial results on Friday, July 24, 2015, at about 7:00 a.m. ET. Following the news release, VF administration will host a conference call at about 8:30 a.m. ET to review results.
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
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