Danaher also announced that its Board of Directors has authorized the repurchase of up to 10 million shares of the Company's common stock from time to time on the open market or in privately negotiated transactions (which amount will be automatically adjusted to 20 million upon consummation of the stock split described above). This repurchase program replaces the repurchase program approved by Danaher's Board in April 2005. The timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the Company's stock plans and for other corporate purposes.
Statements in this release that are not strictly historical, including statements relating to the Company's anticipated stock and cash dividends and any future dividends, stock repurchase program and the intended uses of any repurchased shares, may be "forward-looking" statements within the meaning of the federal securities laws. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include, among other things, the factors set forth in our SEC filings, including our 2009 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the quarter ended April 2, 2010. These forward-looking statements speak only as of the date of this release and the Company does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise.
First Call Analyst:
FCMN Contact: firstname.lastname@example.org
SOURCE: Danaher Corporation
CONTACT: Matt R. McGrew, Vice President, Investor Relations, Danaher
Corporation, +1-202-828-0850, Fax 1-202-828-0860
Web Site: http://www.danaher.com/