Manufacturer Danaher acquires Keithley Instruments

Electrical test systems company Keithley Instruments has announced completion of the merger of Aegean Acquisition, an indirect wholly owned subsidiary of Danaher, into Keithley pursuant to the previously announced merger agreement dated 29 September 2010 among Danaher, Aegean Acquisition and Keithley.

Under the merger agreement’s terms, each outstanding common share and class-B common share of Keithley has been converted into the right to receive $21.6 (£13.7) per share, in cash, without interest.

Keithley is now an indirect wholly owned subsidiary of Danaher Corporation and as a result, Keithley shares will cease to trade on the New York Stock Exchange at the close of the market today.