Washington, D.C.-based Danaher Corp. said Friday that it’s all but wrapped up its $2 billion buy of Newport Beach-based Sybron Dental Specialties Inc.
Danaher, which is best known for its Craftsman tools sold at Sears, Roebuck & Co., said it acquired 94% of Sybron’s shares through a tender offer that expired at midnight on Thursday.
Danaher said it would buy the remaining 6% of Sybron through a short-form merger.
Danaher agreed to acquire Sybron, a maker of dental products, in April for about $2 billion in cash.
Once the deal is completed, Danaher unit Smile Acquisition Corp. will merge into Sybron.
Sybron’s shares have stopped trading on the New York Stock Exchange.
Danaher’s deal to buy Sybron is a bid to expand its dental equipment operations. Danaher bought KaVo, a German dental products company, in 2004.
