Danaher And Cooper Industries Look To Sell Apex Tool Group

Danaher (NYSE:DHR) and Cooper Industries (NYSE:CBE) announced they intend to sell their joint venture Apex Tool Group, according to sources familiar with the dealings Bloomberg reported.A deal for the company could fetch as much as $1.5 billion for the two firms.Danaher (NYSE:DHR) has potential upside of 9.1% based on a current price of $54.74 and an average consensus analyst price target of $59.74.

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