Author Topic: DHR - Danaher  (Read 22455 times)

walkie518

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Re: DHR - Danaher
« Reply #40 on: February 25, 2019, 06:19:03 AM »
Yeah that was my first thought - Culp selling a major sub to Danaher??  I haven't checked if he still owns DHR shares.  Obviously it will have to pass muster with the board.

Does it feel weird to anyone else that Culp is selling a huge asset to his old company? Does Culp still own all his DHR shares? Seems like a conflict...

I think this was Culp's latest form 4 ...looks like he still owns shares

https://www.sec.gov/Archives/edgar/data/313616/000031361614000092/xslF345X03/edgar.xml

smell a lawsuit coming should the deal close, but it could be won in Culp's favor given GE's financial woes?  Sale made under duress?


Liberty

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Re: DHR - Danaher
« Reply #41 on: February 25, 2019, 06:24:07 AM »
I think this was Culp's latest form 4 ...looks like he still owns shares

https://www.sec.gov/Archives/edgar/data/313616/000031361614000092/xslF345X03/edgar.xml

smell a lawsuit coming should the deal close, but it could be won in Culp's favor given GE's financial woes?  Sale made under duress?

The price certainly doesn't seem low, but Culp knows exactly how DHR thinks about acquisitions and what they can do, so if it turns out that the business was under-earning and there was a ton of obvious fat to cut and DHR makes a killing on it, it'll certainly leave a bad feeling to GE shareholders because of the appearance of conflict, even if Culp did his best and didn't consciously give DHR preferential treatment just because they're his old buddies and he owns a ton of stock.
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gfp

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Re: DHR - Danaher
« Reply #42 on: February 25, 2019, 06:24:51 AM »
Sometimes you get a more fair deal for GE shareholders when the potential for an appearance of conflict of interest arrives.  They asked Buffett about the deal when it broke live and he seemed very happy for GE at the price DHR was paying.  I got the impression, purely speculative on my part, that GE was one of the companies Berkshire was talking with during the 4th quarter.  He was very up to speed on GE off the top of his head.  Probably no deal to get done there for BRK.

Liberty

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Re: DHR - Danaher
« Reply #43 on: February 25, 2019, 06:47:40 AM »
Thread here with some thoughts about the deal:

https://twitter.com/Riggs_Bud/status/1100027098717192192
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Liberty

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