Orthomet
This article was originally published in The Gray Sheet
Executive Summary
Reinstates offer to merge with Kirschner, changing the amended proposal it withdrew July 1 to a definitive offer. The basic terms remain the same: each share of Kirschner common stock would be exchanged for 1.3 shares of Orthomet common stock and a seven-year warrant to buy an additional 1.3 shares of Orthomet common at an exercise price of $10 per share ("The Gray Sheet" July 4, p. 7). The offer expires at 5:00 p.m. Eastern Daylight Time on July 11. Kirschner must decide between the Orthomet deal and an offer from Biomet. Under the Biomet proposal, Kirschner shareholders could choose to receive either one Biomet common share (which has been trading for around $10), or $10 in cash, for each of their Kirschner common shares. Kirschner currently has 3,607,740 shares outstanding
You may also be interested in...
Fujifilm Demonstrates Health Specialism With European HealthTech Spinout
From X-ray film in 1936 to the world’s first digital X-ray system in 1983, Fujifilm has a long heritage in medical diagnostics.
Financing Quarterly Statistics, Q1 2024
During Q1, biopharmas brought in an aggregate $30.1bn in financing and device company fundraising totaled $2.8bn; while in vitro diagnostic firms and research tools players raised $724m.
Helping Organizations Deliver On KPIs And Giving Staff A Voice
ImproveWell has won awards for its software technology that allows health care staff at the sharp end of patient care to report on problems as they happen. The outcome is a real-time learning process that contributes to improved operational efficiencies for health systems, says In Vivo Rising Leader Lara Mott.