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You are here: Home / Diagnostics / AtriCure prices $24M stock offering | Wall Street Beat

AtriCure prices $24M stock offering | Wall Street Beat

January 16, 2013 By MassDevice staff Leave a Comment

MassDevice.com Wall Street Beat

AtriCure (NSDQ:ATRC) priced a public offering of nearly 3.5 million shares of stock at $7.25 per share, saying it expects net proceeds of about $23.5 million.

The West Chester, Ohio-based medical device company said it granted underwriter Piper Jaffray a 30-day over-allotment option for another 521,000 shares.

"AtriCure plans to use the net proceeds from the offering for general corporate purposes and working capital," according to a press release.

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 GSI Group drops $83M on NDS Surgical Imaging
Bedford, Mass.-based GSI Group (NSDQ:GSIG) acquired San Jose, Calif.-based surgical and radiology display company NDS Surgical Imaging for $82.5 million in cash. 
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 Nephros lands nearly $800k from Bellco royalty deal
Nephros (OTC:NEPH) said it landed a €600,000 ($797,000) royalty payment from Bellco.
Read more

 Pro-Dex investor starts proxy war
The AO Partners Group, which owns 21.6% of Pro-Dex (NSDQ:PDEX), is urging other investors to back its play to take over the Pro-Dex board.
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 Immucor details $85M Lifecodes financing
Immucor (NSDQ:BLUD) said it’s financing the $85 million it agreed to pay Hologic (NSDQ:HOLX) for the Lifecodes business with an aggregate of $50 million in debt financing from Citigroup Global Markets Inc., JPMorgan Chase Bank and J.P. Morgan Securities. The remaining $35 million will be provided as equity from TPG Capital and "certain co-investors."
Read more

 Analysts’ ups and downs

  • Abbott (NYSE:ABT): Jefferies & Co. reiterates "buy" rating, lowers price target from $87 to $39.
  • AtriCure (NSDQ:ATRC): Leerink Swann sets "outperform" rating, ~$10 price target.
  • Boston Scientific (NYSE:BSX): Stifel Nicolaus reiterates "buy" rating, increases price target from $6.50 to $7.
  • Johnson & Johnson (NYSE:JNJ): Jefferies & Co. reiterates "hold" rating, raises price target from $75 to $79.
  • Thoratec (NSDQ:THOR): Zack’s downgrades to "neutral" rating.

Filed Under: Diagnostics, Funding Roundup, Mergers & Acquisitions, News Well, Wall Street Beat Tagged With: AtriCure Inc., Bellco, GSI Group, NDS Surgical Imaging, Nephros, Pro-Dex Inc.

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