The MAC clause has been paraphrased to limit the legalese. This part lays out the circumstances under which Danaher (DHR) can walk away from its deal with Pall (PLL).
Pall (PLL) is a supplier of filtration, separation, and purification technologies. Pall divides its business segments into Life Sciences and Industrial.
If another bidder comes in and tops the Danaher bid, and Pall is unable to get shareholder approval, it will owe Danaher a breakup fee of $423 million.
A company that has grown largely by acquisition, Danaher is buying Pall, which makes filtration and separation technologies used in life sciences and industrial uses.
