Tang makes unsolicited bid for Northstar; cancelled
Executive Summary
Venture capitalist Tang Capital Partners has made an unsolicited offer to buy the 82% of public company Northstar Neuroscience (neuromodulation devices) it doesn't already own for approximately $48mm. Northstar responded to the bid, stating the offer is not in the best interests of shareholders, and says it will continue to evaluate strategic alternatives.
Deal Industry
- Medical Devices
-
Medical Devices
- Implantable Devices
Deal Status
- Withdrawn
Deal Type
-
Acquisition
- Buy-out
- Partial Acquisition
- Payment Includes Cash for Equity
Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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