Pall Corp. Up 19% On Report Of Pending Bids

Pall Corp.

gained about 19 percent Tuesday on news it might get buyout offers from two competitors. The Port Washington, New York-based maker of filtering and purification systems used in laboratories and factories could fetch $13 billion or more, according to a report Monday in The Wall Street Journal. http://www.wsj.com/articles/pall-maker-of-fluid-filtration-systems-nears-possible-sale-1431381587 That suggests a price of roughly $122 a share. Pall changed hands recently at $117.95, up $18.64. Bids from both Danaher Corp.

and Thermo Fisher Scientific Inc.

could come later this week, according to the report which cited unidentified sources. None of the companies have issued comments on the report. With a market capitalization of about $12.58 billion, Pall compares in size with Danaher's $65.1 billion and Thermo Fisher's $51.87 billion. Danaher gained more than 2 percent recently to $85.53; Thermo Fisher was nearly unchanged at $129.47. Danaher in 2011 paid $5.9 billion to acquire Beckman Coulter Inc.; Thermo Fisher paid $13.3 billion last year for Life Technologies Inc., according to the Journal. Pall posted adjusted earnings growth of 7 percent for its second fiscal quarter ended Jan. 31, while sales in local currencies increased 4 percent excluding acquisitions. Companies operating in the sector that were unmoved by the report included Parker-Hannifin Corp.

, Honeywell International Inc.

and Donaldson Co.

.