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Mergers & Acquisitions

Sorin and Cyberonics merger

Italian state attorney moves to block Sorin merger with Cyberonics

An Italian state attorney in Milan moved to block the pending, $2.7 billion merger between Sorin Group (BIT:SRN) and Cyberonics (NSDQ:CYBX), seeking to prevent Sorin from dodging a $3.76 billion environmental lawsuit filed against its former corporate parent. Sorin and Cyberonics, which announced the merger in February, plan to re-brand the combined company as LivaNova and […]


Abbott has lots of dry powder for medtech M&A

Abbott (NYSE:ABT) CEO Miles White yesterday said the company has a few irons in the fire when it comes to bolstering its flagging medical device business, which was down -6.1% during the 2nd quarter. Despite an attempt to be “studiously evasive” when asked about mergers & acquisitions in general, White spent a good portion of the […]


Toshiba ditches Kone elevator biz for $943m

Toshiba (TYO:6502) today said it closed a deal worth nearly $943 million for its Kone Corp. elevator and escalator business, as it looks to recover from a $1.2 billion accounting scandal that’s already claimed it senior management team. The Japanese conglomerate said the €35.75-per-share deal, valued at €864.7 million, is expected to yield profits of about $102.9 million […]

St. Jude Medical, Thoratec

Thoratec acquisition pushes St. Jude Medical to 52-week high

St. Jude Medical (NYSE:STJ) shares hit a 52-week high yesterday on rumors of the $3.4 billion buyout of Thoratec (NSDQ:THOR) it confirmed today, also reporting a more than 7.4% bottom-line gain for the 2nd quarter and boosted its outlook for the rest of the year. Little Canada, Minn.-based St. Jude posted profits of $290 million, or $1.02 per share, on […]

St. Jude Medical, Thoratec

St. Jude Medical confirms $3.4B Thoratec buyout

St. Jude Medical (NYSE:STJ) and Thoratec (NSDQ:THOR) today confirmed that St. Jude agreed to acquire Thoratec for $3.4 billion. The terms of the deal call for St. Jude to pay $63.50 in cash for each share of Pleasanton, Calif.-based Thoratec, funded using term loans and senior unsecured debt, Little Canada, Minn.-based St. Jude said. Rumors about a possible […]

St. Jude Medical, Thoratec

Report: St. Jude Medical in talks to acquire Thoratec

St. Jude Medical (NYSE:STJ) is reportedly in talks to acquire Thoratec (NSDQ:THOR), according to “people familiar with the situation.” Although the 2 companies are in ongoing discussions, no final deal has been agreed and the negotiations may still fall apart, the sources told Bloomberg. Thoratec could also opt to seek a different buyer, 1 of the people said. THOR shares rose […]

Integra Lifesciences, TEI Biosciences

Integra LifeSciences closes $312m TEI buyout

Integra LifeSciences (NSDQ:IART) said today that it closed its $312 million acquisition of TEI Biosciences and sister company TEI Medical, expanding its footprint in reconstructive surgery and regenerative wound care. The deal brings TEI’s PriMatrix dermal repair scaffold and a 125-member sales force under the Integra umbrella, that Plainsboro, N.J.-based company said. TEI is based in Waltham, Mass. […]