Reuters: Mergers News: UPDATE 1-Covidien to buy Oridion Systems for about $300 mln

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Covidien to buy Oridion Systems for about $300 mln Apr 5th 2012, 05:22 Thu Apr 5, 2012 1:22am EDT April 5 (Reuters) - U.S. healthcare products and medical device maker Covidien said it would buy Israel-based Oridion Systems for about $300 million in cash. As per the deal, a wholly owned subsidiary of Covidien will pay $23 per Oridion share and the company said the deal is not expected to have a material impact on its fiscal 2012 sales. "Oridion's products are excellent complements to the company's current portfolio of pulse oximeters and monitoring products," Robert White, president, Covidien's Respiratory & Monitoring Systems, said in a statement. Covidien will report the Oridion systems business as part of its oximetry & monitoring product line. The companies expect to complete the deal in the second calendar quarter of 2012.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions