25 August 2023
Danaher Corporation (NYSE: DHR) announced today that it plans to complete previously announced separation and spin-off of Veralto Corporation on September 30th, 2023.
Danaher shareholders will receive one share of Veralto common stock for every three shares of Danaher common stock.
When-issued trading in shares of Veralto is expected to begin on September 27th, 2023 on the New York Stock Exchange under the symbol “VLTO-WI”.
Regular-way trading of Veralto common stock is expected to begin on the NYSE on October 2, 2023, under the symbol “VLTO”.
Veralto was formed to hold Danaher’s Environmental & Applied Solutions businesses
Company operates through two segments – Water Quality (“WQ”) and Product Quality & Innovation (“PQI”). Through WQ, company improves the quality and reliability of water through leading brands including Hach, Trojan Technologies and ChemTreat. Through PQI, Veralto promotes consumer trust in products and help enable product innovation through leading brands including Videojet, Linx, Esko, X-Rite and Pantone.
More, Source: Company’s Press Release, Veralto Corporation Filing