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Non-Tech : Danaher Corp. (DHR)
DHR 213.99-0.6%9:30 AM EST

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From: JakeStraw7/1/2005 8:29:39 AM
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Danaher to buy Germany's Leica Microsystems for $550M
By Steve Goldstein

LONDON (MarketWatch) -- Danaher Corp. (DHR) said it's agreed to buy Germany's Leica Microsystems, a maker of high precision optical instruments, for $550 million from LM Investments. The deal price includes assumed debt, pension liabilities, transaction costs and net of cash acquired. Danaher said the deal will lift earnings by 3 cents a share in 2006 and will have a minimal impact on 2005 earnings. Leica had $660 million in 2004 revenue.
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