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Covidien to buy Somanetics

India Infoline News Service | Mumbai | June 16, 2010 17:06 IST

The deal values Somanetics at a premium of US$6.10, or 32%, over its closing price of US$18.9 a share on 15th June.

Covidien Plc plans to buy Somanetics Corp. for US$25 a share in cash, according to reports. The deal valued at US$250mn. Covidien said the acquisition would broaden its medical equipment product offerings and create earnings growth over time. The deal values Somanetics at a premium of US$6.10, or 32%, over its closing price of US$18.9 a share on 15th June.






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Covidien to buy Somanetics
Covidien to buy Somanetics
The deal values Somanetics at a premium of US$6.10, or 32%, over its closing price of US$18.9 a share on 15th June.
http://www.indiainfoline.com/article/news-sector-pharma-healthcare/covidien-to-buy-somanetics-113101301220_1.html
June 16, 2010 17:06 IST
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Covidien to buy Somanetics
Pharma & Healthcare
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