EXHIBIT (a)(9)
DANAHER CORPORATION
1250 24th Street, N.W.
Suite 800 TELEPHONE (202) 828-0850
Washington, D.C. 20037 TELECOPIER (202) 828-0860
FOR IMMEDIATE RELEASE CONTACT: PATRICK W. ALLENDER
EXECUTIVE VICE
PRESIDENT AND
CHIEF FINANCIAL OFFICER
(202) 828-0850
DANAHER EXTENDS TENDER OFFER FOR
KOLLMORGEN CORPORATION THROUGH JUNE 14, 2000
FOR RELEASE MONDAY, JUNE 12, 2000
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WASHINGTON, D.C. - Danaher Corporation (NYSE: DHR) announced today that it
is extending its tender offer for all outstanding shares of common stock of
Kollmorgen Corporation (NYSE: KOL) and associated preferred share purchased
rights from the prior expiration date of midnight on Friday, June 9, 2000, to
5:30 p.m. on Wednesday, June 14, 2000. Accordingly, the tender offer and
withdrawal rights will expire at 5:30 p.m., Eastern time, on June 14, 2000,
unless Danaher further extends the tender offer. According to a preliminary
count by the depositary for the offer, there were tendered and not withdrawn
8,515,541 shares as of 12:00 midnight on June 9, 2000 (excluding 1,258,935
shares listed on notices of guaranteed delivery received by the depositary),
representing approximately 82.2 % of the shares of Kollmorgen common stock
currently outstanding.
Danaher is extending the offer so that more than 90 percent of the shares
of Kollmorgen common stock may be validly tendered and not withdrawn prior to
the expiration of the offer. If that occurs, Danaher will be able to use the
expedited procedures available under New York law for a merger with a 90
percent-owned subsidiary.
Kollmorgen Corporation is one of the major worldwide manufacturers
of high performance electronic motion control products and systems.
(www.kollmorgen.com)
Danaher Corporation is a leading manufacturer of Process/Environmental
Controls and Tools and Components. (www.danaher.com)
All stockholders should read the tender offer statements concerning the
tender offer that were filed by Danaher, and the solicitation/recommendation
statements that were filed by Kollmorgen, with the Securities and Exchange
Commission (SEC) and mailed to stockholders and any related amendments
thereto filed with the SEC.
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These statements contain important information that stockholders should
consider before making any decision regarding tendering their shares.
Stockholders are able to obtain these statements and amendments thereto, as
well as other filings containing information about Danaher and Kollmorgen,
without charge, at the SEC's internet site (www.sec.gov). Copies of the
tender offer and the solicitation/recommendation statements and other SEC
filings can also be obtained, without charge, from Danaher's Corporate
Secretary.
This release contains some forward-looking statements. We undertake no
obligation to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise. You are advised,
however, to consult any further disclosures we make on related subjects in
our 10-Q, 8-K and 10-K reports to the SEC.
Contact: Patrick W. Allender, Executive Vice President and Chief Financial
Officer, 202-828-0850.
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