On August 31, 2015, Danaher completed the merger of Pentagon Merger Sub, Inc., a New York corporation and an indirect wholly owned subsidiary of Danaher, into Pall and, as a result, Pall has become an indirect wholly owned subsidiary of Danaher. In the merger, each outstanding share of Pall common stock was cancelled and (except for shares held by Danaher, Pentagon, Pall and their respective subsidiaries) converted into the right to receive $127.20 per share in cash, without interest.
Pall’s common stock will cease to be traded on the New York Stock Exchange. Detailed instructions will be sent to former Pall shareholders outlining the steps to be taken to obtain the merger consideration of $127.20 per share in cash, without interest.
Aseptic carton packaging manufacturer SIG has announced it is investing €12 million in a new pilot plant, which will be part of the company’s new Tech Center Europe. The pilot plant will offer modern extrusion and finishing technology, advanced quality measurement systems and testing equipment.
Johnson Matthey has teamed up with waste-to-chemical technologies company MyRechemical to commercially develop waste-to-methanol technology, with the aim of contributing to sustainability.
Upon completion of the project, Kinder Morgan’s Harvey, Louisiana facility will serve as the primary hub where Neste will store a variety of raw materials including, for example, the used cooking oil it collects from more than 40,000 restaurants across the United States.