Danaher Corporation and Cooper Industries announce sale of Apex Tool Group to Bain Capital;
Earlier today, Danaher Corporation and Cooper Industries announced the sale of their joint venture, Apex Tool Group, to Bain Capital for approximately $1.6 billion subject to post-closing adjustments.
Danaher, the DC company that makes Craftsman tools, sold $750 million of 10-year notes at a lower rate than its last offering, in 2007, according to Bloomberg.