SEC Filing Summary: PerkinElmer, Inc. (8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by PerkinElmer, Inc. (Note: The metadata references "REVVITY, INC.", but the filing text identifies the registrant as PerkinElmer, Inc.) on December 12, 2005, covering events occurring on December 6, 2005. The report details the completion of a significant asset disposition and the entry into a supplemental agreement regarding the sale of the company's Aerospace Business to Eaton Corporation.
Key Financial Metrics
- Transaction Consideration: The aggregate consideration received for the sale of the Aerospace Business (excluding the French Business) was $299,214,298.40.
- Assets Sold: Stock of P.T. Fluid Sciences Batam and assets comprising the development, manufacturing, marketing, servicing, and repairing of sealing valve and pneumatic products for aerospace and industrial markets.
- Financial Statements: This filing does not provide standalone revenue, profit, cash flow, margin, debt, or liquidity metrics for the company. It focuses solely on the transaction value.
Material Changes
On December 6, 2005, PerkinElmer completed the sale of the Aerospace Business to Eaton Corporation, excluding the French operations. Concurrently, the company entered into a Supplemental Agreement to the original Purchase Agreement. This agreement provides for a delayed closing specifically regarding the French operations related to the Aerospace Business.
Outlook, Risks, and Management Commentary
The filing confirms that, prior to the transaction, the company had no material relationships with Eaton Corporation involving its directors, officers, or affiliates. The Supplemental Agreement is incorporated by reference as Exhibit 99.1, and a press release announcing the completion is filed as Exhibit 99.2. No specific forward-looking guidance or risk factors beyond the transaction details are provided in this text.
Investor Verification Checklist
- Verify the final closing date and consideration for the delayed sale of the French Business.
- Review the full text of the Supplemental Agreement (Exhibit 99.1) for specific terms regarding the delayed closing.
- Confirm the impact of this $299.2 million asset sale on the company's consolidated financial statements in subsequent quarterly or annual reports.
- Check for any regulatory approvals required for the delayed French closing that may not yet be finalized.