NEW YORK (S&P Global Ratings) Oct. 13, 2016--S&P Global Ratings said today that its ratings on Danaher Corp. (A/Watch Neg/A-1) are not immediately affected by the company's proposed acquisition of Phenomenex Inc. At the same time, the acquisition announcement and its timing further support our observation that the company's financial policy may be departing from our original expectation. Danaher's plan to buy a privately held manufacturer and distributor of separation sciences products Phenomenex Inc. comes just one month after announcing its $4 billion acquisition of Cepheid Inc., a transaction that prompted our CreditWatch placement with negative implications. The announced acquisition of Phenomenex and its timing contribute to our uncertainty about the company's commitment to maintaining leverage below 2.5x and put
