Danaher shares are trading lower after the company spun off its Veralto division. Danaher shareholders received 1 share of Veralto for every 3 shares of Danaher they own.
Portfolio Pulse from Luke J Jacobi
Danaher Corporation has spun off its Veralto division, causing its shares to trade lower. Danaher shareholders received 1 share of Veralto for every 3 shares of Danaher they own.
October 02, 2023 | 12:26 pm
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Danaher Corporation's shares are trading lower after the company spun off its Veralto division.
The spin-off of Veralto has led to a decrease in Danaher's share price. This is likely due to the fact that the value of the company has been reduced as a result of the spin-off. The impact is direct and significant as it affects the company's market capitalization.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100