Moody's may up Beckman

Moody's Investors Service said it placed Beckman Coulter Inc.'s Baa3 $250 million of senior notes due 2015, $250 million of senior notes due 2019, $600 million of 2.5% senior convertible notes due 2036, $235 million of 6.875% senior notes due 2011 and $36 million of 7.05% senior debentures due 2026 on review for possible upgrade.

The placement follows the announcement that Beckman and Danaher Corp. have entered into a definitive merger agreement under which Danaher will acquire all of Beckman's outstanding common stock and debt for $6.8 billion, Moody's said.

The outlook for Beckman had been negative.

The review will focus on the execution of the transaction, final terms of the deal and the treatment of Beckman's debt in Danaher's capital structure, the agency said.

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