On August 1, 2001, the ratings on Danaher Corp. were placed on CreditWatch with negative implications following Danaher's unsolicited offer to acquire Cooper Industries Inc. The acquisition would be achieved through a stock-and-cash transaction valued at $54 to $58 per Cooper share, or a total value of about $6.5 billion to $7.0 billion, including assumed debt. Cooper shareholders would receive consideration consisting of 75% Danaher stock and 25% cash. Pro forma for the deal, Danaher would double its size to more than $8 billion in revenues, while weakening its financial profile somewhat. Cooper's product portfolio is complementary to Danaher's, adding significant scale to its power quality and reliability product lines, and bringing a strong portfolio of leading electrical product brand
