JMP downgrades Sybron to market perform

Sybron Dental Specialties, Inc. was downgraded by JMP Securities analyst Anthony Ostrea to market perform from market outperform pending acquisition of the company by Danaher Corp. at $47 per share. Danaher would be making a cash tender offer to acquire all of Sybron's outstanding shares and assume $200 million in debt for a total value of $2.2 billion. Shares of the Newport Beach, Calif., dental products company were down $0.03, or 0.06%, at $46.78 on volume of 2,356,600 shares versus the three-month running average of 394,721 shares. (NYSE: SYD)

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