Attached files
file | filename |
---|---|
8-K - FORM 8-K - KEITHLEY INSTRUMENTS INC | l41306e8vk.htm |
Exhibit 99.1
CONTACT: | Mark J. Plush | |||
Senior Vice President and | ||||
Chief Financial Officer |
![]() |
Keithley Instruments, Inc. 28775 Aurora Road |
|
Cleveland, Ohio 44139-1891 | ||
440-248-0400 Fax: 440-248-6168 | ||
FOR IMMEDIATE RELEASE
|
http://www.keithley.com |
KEITHLEY INSTRUMENTS ACQUIRED BY DANAHER CORPORATION
Cleveland, Ohio December 8, 2010 Keithley Instruments, Inc. (NYSE:KEI), a world leader
in advanced electrical test instruments and systems, today announced completion of the merger of
Aegean Acquisition Corporation, an indirect wholly owned subsidiary of Danaher Corporation, into
Keithley pursuant to the previously announced Merger Agreement dated September 29, 2010 among
Danaher Corporation, Aegean Acquisition Corporation and Keithley. Under the terms of the merger
agreement, each outstanding common share and class B common share of Keithley has been converted
into the right to receive $21.60 per share, in cash, without interest. Keithley is now an indirect
wholly owned subsidiary of Danaher Corporation and, as a result of the completion of the merger,
Keithley shares will cease to trade on the New York Stock Exchange at the close of the market
today.
Joseph P. Keithley, the Companys Chairman, President and Chief Executive Officer, said, We are
pleased to have completed this transaction with Danaher, which we believe represents the best
possible way to deliver maximum value to our shareholders. Keithley has a bright future under the
ownership of Danaher and, I would like to thank every employee for their hard work and dedication
that have brought us to this day.
About Keithley Instruments, Inc.
With more than 60 years of measurement expertise, Keithley Instruments has become a world leader in
advanced electrical test instruments and systems. Our customers are scientists and engineers in
the worldwide electronics industry involved with advanced materials research, semiconductor device
development and fabrication, and the production of end products such as portable wireless devices.
The value we provide them is a combination of products for their critical measurement needs and a
rich understanding of their applications to improve the quality of their products and reduce their
cost of test. We serve customers in more than 80 countries and generated $126.9 million of revenue
and net income of $24.9 million during our fiscal year ended September 30, 2010.