NEW YORK (TheStreet) -- Shares of Pall Corp. (PLL) are gaining by 18.50% to $117.68 on heavy volume in late morning trading on Tuesday, following speculation that the water-filtration and purification systems maker is close to finalizing a sale that could value the company at more than $10 billion, the Wall Street Journal reports, citing sources saying potential buyers include Danaher Corp. (DHR) and Thermo Fisher Scientific Inc. (TMO).
The exact value of the potential deal was not determined and there is still the possibility that no deal will be reached.
Final bids for Pall Corp. are due this week, the sources added.
As of Monday's close the Port Washington, NY.-based Pall Corp has a market value of $10.6 billion, the Journal said, adding that thanks to a series of strong earnings reports Pall stock has already risen 19% over the past year.
Separately, TheStreet Ratings team rates PALL CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate PALL CORP (PLL) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value."