Rochester, NY 8/18/2009 5:24:22 PM
Align Technology Inc., ALGN - Align Technology, Reported Patent Claims by Danaher
Align Technology Inc., ALGN
Align Technology Inc. and Danaher Corp's Ormco makes an announcement that its settlement includes issuance of about 7.6 million shares in Align, along with a cash payment of about $13 million. And the company jointly constructs and markets an orthodontic product.
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With the settlement, diversified manufacturer Danaher will own about 10 percent interest in Align, a maker of teeth alignment systems, they said.
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