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Royal Philips pays $2.1bn for Spectranetics
04 Sep 2020
Executive Summary
In an effort to strengthen its image-guided therapy business, Royal Philips Electronics NV is paying $38.50 per share (a 28% premium) to acquire fellow public device maker Spectranetics Corp. The deal is valued at $2.1bn including cash and the assumption of debt obligations.
Deal Industry
- Medical Devices
-
Medical Devices
- Laser
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Includes Contract
- Payment Includes Cash
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Royal Philips pays $2.1bn for Spectranetics
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