The multi faceted manufacturer which makes everything from dental equipment to water filters, Danaher Corp, had planned to spend a part of its USD8 billion takeover fund to purchase either Pall Corp or Spectris Plc. The move is expected to help boost sales as the company undergoes the slowest growth in the last four years.

Danaher CEO Larry Culp said that the USD47 billion firm is seeking deals that can provide increased returns to their shareholders. The choices are Spectris, a USD4.3 billion manufacturer of testing gear, whose main attributes are its high margins and leeway for cost cutting. This was the assessment from the Credit Suisse Group AG. The other option would be Pall, a USD8.1 billion supplier of water filtration machinery and is an attractive option according to advice provided by FBR & Co and Longbow Research.

A Danaher representative declined to make any comment on the matter.