Danaher Corporation Completes Acquisition of Visual Networks, Inc.
20 Januar 2006 - 10:00PM
PR Newswire (US)
WASHINGTON, Jan. 20 /PRNewswire-FirstCall/ -- Danaher Corporation
(NYSE:DHR) announced today that its wholly-owned subsidiary Fluke
Electronics Corporation has completed the acquisition of Visual
Networks, Inc. (NASDAQ:VNWK), pursuant to an agreement and plan of
merger dated December 1, 2005. As a result of the acquisition,
Visual Networks will cease to be publicly traded and will no longer
be listed on the NASDAQ Capital Market after the market closes on
January 20, 2006. In accordance with the terms of the agreement and
plan of merger, each outstanding share of Visual Networks common
stock has been converted into the right to receive $1.83 in cash.
Visual Networks stockholders who have stock certificates in their
own name will receive instructions by mail from SunTrust Bank, the
exchange agent for the merger, concerning how and where to forward
their certificates for payment. Visual Networks stockholders should
exchange their stock certificates for the merger consideration
promptly following receipt of these materials. Brokers will handle
conversion for those holding Visual Networks stock through
brokerage accounts. Danaher Corporation is a leading manufacturer
of Professional Instrumentation, Industrial Technologies, and Tools
and Components. (http://www.danaher.com/) Statements in this
document regarding the proposed acquisition of common shares of
Visual Networks constitute forward looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such
forward looking statements, including: the ability to consummate
the purchases and the other factors described in Danaher's Annual
Report on Form 10-K for the year ended December 31, 2004 and most
recent quarterly report filed with the SEC and in Visual Networks'
Annual Report on Form 10-K for the year ended December 31, 2004 and
its most recent quarterly report filed with the SEC. Danaher
disclaims any intention or obligation to update any forward looking
statements as a result of developments occurring after the date of
this document. First Call Analyst: FCMN Contact: DATASOURCE:
Danaher Corporation CONTACT: Andy Wilson, Vice President, Investor
Relations of Danaher Corporation, +1-202-828-0850 Web site:
http://www.danaher.com/
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