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Danaher says $1.6 million LYONs put back to company
New York, Jan. 23 - Danaher Corp. said $1.6 million principal amount at maturity of its Liquid Yield Option Notes due 2021 were put back to the company.
The Washington manufacturer of process and environmental controls and tools and components paid a total of $1.1 million for the convertibles. The put price was $669.40 in cash per $1,000 principal amount at maturity.
The LYONs were putable up to 5 p.m. ET Jan. 22.
Following the put, Danaher has $555 million accreted value of the securities outstanding.
The next put is Jan. 22, 2011. The LYONs are callable at their accreted value.
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