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Medtronic deal
By Ding Yining |
September 29, 2012, Saturday
|
Print Edition
Print Edition
UNITED States medical instrument maker Medtronic has agreed to pay US$816 million for New York Stock Exchange-listed Chinese medical device supplier China Kanghui Holding Inc as it sees strong growth potential in China's growing pharmaceutical market.
The deal values Kanghui at US$30.75 per American depository share of Kanghui and will be paid in cash. The transaction is subject to Kanghui shareholder approval and customary regulations and is expected to close in the next few months.
The deal values Kanghui at US$30.75 per American depository share of Kanghui and will be paid in cash. The transaction is subject to Kanghui shareholder approval and customary regulations and is expected to close in the next few months.
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