Danaher Announced Saturday, It Completed Separation of Veralto Corporation; Veralto To Begin Trading On The NYSE Under The Symbol "VLTO" On Monday October 2
Portfolio Pulse from Charles Gross
Danaher Corporation has completed the spin-off of its Environmental & Applied Solutions segment, Veralto Corporation. Veralto will begin trading on the NYSE under the symbol 'VLTO' on October 2, 2023. Danaher stockholders received one share of Veralto for every three shares of Danaher held as of September 13, 2023. Approximately 246 million shares of Veralto were distributed.
September 30, 2023 | 1:01 pm
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NEUTRAL IMPACT
Danaher has completed the spin-off of Veralto, which could lead to changes in the company's stock price. Shareholders received one Veralto share for every three Danaher shares held.
The spin-off of Veralto could lead to changes in Danaher's stock price as the market adjusts to the new corporate structure. The distribution of Veralto shares to Danaher shareholders could also impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Veralto Corporation, spun off from Danaher, will begin trading on the NYSE under the symbol 'VLTO' on October 2, 2023. Approximately 246 million shares were distributed to Danaher shareholders.
As a newly listed company, Veralto's stock price could see significant movement as the market determines its value. The distribution of approximately 246 million shares could also impact the stock's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100