Originally Published MX May/June 2006
BUSINESS NEWS
Bids for PowerThe board of directors of Swedish medical supply giant Gambro AB (Stockholm) in April recommended that its shareholders accept a buyout offer from Nordic investor group Indap AB. At the time of the offer, the bid of 38.26 billion Swedish kronor (nearly $5 billion) represented a more than 30% premium over the company's average share price over the previous three months.
Rehabilitation and regeneration product manufacturer dj Orthopedics Inc. (Vista, CA) plans to acquire rival Aircast Inc. (Summit, NJ) for $290 million in cash. The acquisition will double dj Orthopedics' international sales and add a line of complementary—and formerly competitive—products, as well as Aircast's vascular systems devices.
Telemedicine company Visicu Inc. (Baltimore) fared well in its initial public offering (IPO), with shares soaring from its IPO price of $16 to more than $24 on the day of its trading debut. The company, headed by chairman and CEO Frank T. Sample, is marketing a remote monitoring system for intensive care units designed to boost the productivity of specialists.
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