Danaher completes separation of Veralto

Danaher (DHR) announced that it has completed the separation of its Environmental & Applied Solutions segment, through the spin-off of Veralto. Veralto will begin “regular way” trading on the New York Stock Exchange on October 2, 2023, under the symbol “VLTO.” In connection with the separation, on September 30, 2023, Danaher stockholders received one share of common stock of Veralto for every three shares of Danaher common stock held at the close of business on September 13, 2023. Because the separation was completed on a Saturday and not a business day, the shares are expected to be credited to “street name” stockholders through the Depository Trust Corporation on October 2, 2023. Approximately 246M shares of Veralto common stock were distributed in the distribution.