CLEVELAND, Dec. 8, 2010 /PRNewswire-FirstCall/ -- Keithley
Instruments, Inc. (NYSE: KEI), a world leader in advanced
electrical test instruments and systems, today announced completion
of the merger of Aegean Acquisition Corporation, an indirect wholly
owned subsidiary of Danaher Corporation, into Keithley pursuant to
the previously announced Merger Agreement dated September 29, 2010 among Danaher Corporation,
Aegean Acquisition Corporation and Keithley. Under the terms
of the merger agreement, each outstanding common share and class B
common share of Keithley has been converted into the right to
receive $21.60 per share, in cash,
without interest. Keithley is now an indirect wholly owned
subsidiary of Danaher Corporation and, as a result of the
completion of the merger, Keithley shares will cease to trade on
the New York Stock Exchange at the close of the market today.
Joseph P. Keithley, the Company's
Chairman, President and Chief Executive Officer, said, "We are
pleased to have completed this transaction with Danaher, which we
believe represents the best possible way to deliver maximum value
to our shareholders. Keithley has a bright future under
the ownership of Danaher and, I would like to thank every employee
for their hard work and dedication that have brought us to this
day."
About Keithley Instruments, Inc.
With more than 60 years of measurement expertise, Keithley
Instruments has become a world leader in advanced electrical test
instruments and systems. Our customers are scientists and
engineers in the worldwide electronics industry involved with
advanced materials research, semiconductor device development and
fabrication, and the production of end products such as portable
wireless devices. The value we provide them is a combination
of products for their critical measurement needs and a rich
understanding of their applications to improve the quality of their
products and reduce their cost of test. We serve customers in
more than 80 countries and generated $126.9
million of revenue and net income of $24.9 million during our fiscal year ended
September 30, 2010.
SOURCE Keithley Instruments, Inc.