Roper Industries will sell 2.3 million shares

AP News
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Posted: Dec 21, 2009 10:41 AM

Roper Industries Inc. said Monday it is selling 2.3 million shares in the company to help cut the debt it took on to buy medical device maker Verathon Inc. this month.

Roper, which makes products for water and energy companies, announced in November that it would buy Verathon and traffic software and hardware maker United Toll Services for a combined $356 million.

The company's shares rose 95 cents, or 1.8 percent, to $55.14 in morning trading.