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St. Jude buys Advanced Neuromodulation Systems for $1.3bn
20 Oct 2005
Executive Summary
To expand beyond the cardiac arena into the neuromodulation market, St. Jude Medical has agreed to acquire Advanced Neuromodulation Systems (spinal cord stimulation-SCS--devices) in a tender offer of $1.3bn in cash. St. Jude is paying $61.25 for each of ANS's outstanding shares, a 28% premium to the market average.
Deal Industry
- Medical Devices
-
Pharmaceuticals
-
Drug Delivery
- Site Specific
-
Drug Delivery
-
Medical Devices
- Implantable Devices
- Radiofrequency Devices
- Surgical Equipment & Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Payment Includes Cash
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