Category: Rochester Medical Corp.
C.R. Bard closes its $262 million acquisition of Rochester Medical.
C.R. Bard (NYSE:BCR) closed its $262 million acquisition of Rochester Medical yesterday, giving former Rochester stockholders $20 per share and taking ROCM shares off the NASDAQ exchange.
Shares of Rochester Medical spike more than 40% on news that healthcare giant C.R. Bard plans to acquire the company for $20 per share, amounting to about $262 million total.
Rochester Medical closes with Wall Street gains after announcing its decision to drop its Foley Catheter division without selling its intellectual property.
Medical device maker Rochester Medical (NSDQ:ROCM) closed at a 1.2% increase yesterday after detailing its decision to exit the Foley Catheter business.
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.
Varian closed the day slightly ahead on The Street, but lost points in after-hours trading upon releasing its Q1 2012 financials.
Shares of Varian Medical Systems (NYSE:VAR) sank in after-hours trading yesterday as Wall Street reacted to shrinking profits during the company's 1st quarter for fiscal 2012.
The Palo Alto, Calif.-based oncology and X-ray products maker posted $625 million in sales during the three months ended Dec. 30, 2011, up 7.8% from $580 million sold in the same period in 2010.
SonoSite CFO Marcus Smith ends up with more than $3 million in the bank after retiring from SonoSite ahead of its buyout by Fujifilm.
SonoSite (NSDQ:SONO) CFO Marcus Smith stands to pull down more than $3 million now that he's retired from the Bothell, Wash.-based ultrasound device maker.
The company said Smith's resignation, which went into effect yesterday, was to pursue other opportunities.
The former Philips Medical Systems exec will end up with more than $3 million in the bank after he receives all of his separation benefits, according to a company filing with the SEC.