Japan Nipro To Buy Two-Thirds Of Device-Maker Goodman For $36 Million
This article was originally published in PharmAsia News
Executive Summary
Japan's Nipro said it plans to buy a two-thirds stake in Goodman Co. Ltd, maker of medical equipment such as catheters, for $36 million and make it a subsidiary.
Japan's Nipro said it plans to buy a two-thirds stake in Goodman Co. Ltd, maker of medical equipment such as catheters, for $36 million and make it a subsidiary. The remaining third of shares would remain in the hands of Itochu, which was excluded from the deal. Nipro said it intends to take advantage of its domestic and foreign sales networks to market Goodman products abroad as well as co-develop others with the Goodman unit. Goodman directors have agreed to the arrangement, which gives Nipro until March 8 to amass the 67% stake. (Click here for more - a subscription may be required
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"Nipro Announces Tender Offer For Goodman" - Nikkei (Japan) (1/25/2013)