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BUSINESS NEWS.(TO THE POINT)
BUILDING
Danaher makes unsolicited offer
up to $7 bil for Cooper Industries
Tool maker Danaher offered $5.5 billion in stock and cash for Cooper Industries. Including debt, the tab is $6.5 billion to $7 billion. Danaher tried to buy Cooper two years ago for its broad line of electrical products, tools and hardware. Cooper said it'll respond after its board meets next week. Its shareholders will soon vote on whether to move the firm's headquarters from Houston to Bermuda, where a hostile bid would be much harder. Its shares soared 11.39, or 27%, to 52.90.
TELECOM
Suitors of AT&T's cable TV unit
must commit to secrecy: source
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