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Medtronic to buy Kyphon for cash
Aug 2007
Executive Summary
Medtronic has agreed to acquire all the outstanding shares of minimally invasive spinal device maker Kyphon for $71 each (a 30% premium). The deal price of $3.9bn consists of $3.56bn in equity, which includes $700mm that Medtronic will spend to buy shares under stock options that have vested, and $350mm in debt.
Deal Industry
-
Medical Devices
- Implantable Devices
-
Surgical Equipment & Devices
- Minimally or Less Invasive
Deal Status
- Final
Deal Type
-
Acquisition
- Includes Contract
- Payment Includes Cash
- Full Acquisition
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Medtronic to buy Kyphon for cash
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