Category: ConMed Corp.
ConMed responds to a challenge from activist investor group Voce Capital Management, citing "the strong operating performance delivered by ConMed over the past several years."
ConMed (NSDQ:CNMD) today responded to a long and critical letter from Voce Capital Management issued last week that demanded steps toward a strategic exit and the end "a culture of nepotism, patronage and dystopian corporate governance."
Vocal shareholder advocate Voce Capital demands some major overhauls at New York medtech company ConMed amid a tough quarter and an ever-dimming outlook for the year.
Corrected November 11 2013, at 2:45 p.m.
Company officials at ConMed discuss earnings results for Q3 2013. ConMed posted profits of $5.7 million, or 32¢ per diluted share, on sales of $179.3 million during the 3 months ended Sept. 30, 2013.
ConMed closes its 27¢-per-share tender offer for medical imaging company Viking Systems, giving it about 84% of Viking as it looks to close its short-form merger.
ConMed (NSDQ:CNMD) said it's closed its 27¢-per-share tender offer for Viking Systems (OTC:VKNG), leaving it with about 84% of shares in the medical imaging maker.
ConMed agrees to pay 27¢ per share, or $22.5 million, for Viking Systems and its 3D surgical imaging system.
Investors sent shares of Zimmer (NYSE:ZMH) down 5% this morning in pre-market trading after the orthopedic device maker reported sales and earnings in-line with Wall Street's expectations, but lackluster sales of hip and knee implants.
GE Healthcare will integrate Masimo's Rainbow SET technology into its patient monitoring devices; also, NASDAQ adds Novadaq; ConMed launches dividend program; Align Technology's R&D head cashes in; GPOs: Premier inks deals with Bard, GE, Philips; a Funding Roundup and analysts' ups and downs.
GE Healthcare (NYSE:GE) and Masimo (NSDQ:MASI) inked a long-term deal that will see GE integrate Masimo's Rainbow SET technology into many of its patient monitoring products.