Danaher Corporation today announced its intention to separate its Environmental & Applied Solutions segment to create an independent, publicly traded company. The new company will be comprised of Danaher’s Water Quality and Product Identification businesses and will be referred to as “EAS” until it is named at a later date. The transaction is intended to be tax-free to Danaher shareholders and is expected to be completed in the fourth quarter of 2023.
This is the third spin-off for Danaher so let’s take a look at what we can expect from this one and how the past spin-offs performed.
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