Bayer HealthCare Affiliate MEDRAD and Possis Medical Sign Definitive Merger Agreement.
Business Wire › February 11, 2008
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Bayer HealthCare Affiliate MEDRAD and Possis Medical Sign Definitive Merger Agreement.
LEVERKUSEN, Germany & MINNEAPOLIS -- Bayer HealthCare affiliate MEDRAD, Inc., Warrendale, PA and Possis Medical, Inc., Minneapolis, MN, (Nasdaq:POSS), announced today that they have entered into a definitive merger agreement pursuant to which MEDRAD will acquire Possis Medical in a cash tender offer for US-Dollar 19.50 per share, or a total equity value of approximately US-Dollar 361 million. The offer price represents a premium of approximately 39 percent over Possis Medic...
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