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AngioDynamics buys Rita Medical for $220mm in cash & stock
08 Dec 2006
Executive Summary
AngioDynamics (devices to diagnose and treat peripheral artery disease) has acquired Rita Medical (devices to treat cancerous tumors) for $220mm consisting of 0.1722 of an AngioDynamics common share (valued at $3.72) and an amount of cash that uses a formula determined by the average price of AngioDynamics stock leading up to the closing of the transaction. Rita shareholders will own 34.5% of AngioDynamics, which will also assume $3.3mm in debt as part of the merger.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
- Infusion Therapy Equipment and Supplies
- Radiofrequency Devices
Deal Status
- Final
Deal Type
-
Acquisition
- Full Acquisition
- Payment Includes Cash
- Payment Includes Stock
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Questions?
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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AngioDynamics buys Rita Medical for $220mm in cash & stock
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