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Medical Instruments & Supplies M&A image Medical Instruments & Supplies M&A » By The Online Investor Staff, updated Tue., Apr. 30, 8:11 AM Recent mergers and acquisitions in the Medical Instruments & Supplies M&A category.

Slide #42. Covidien Given Imaging Ltd.

Acquirer: Covidien (COV)
Acquiree: Given Imaging Ltd. (GIVN)
Details: Covidien plc (NYSE:COV) and Given Imaging Ltd. (NASDAQ:GIVN) today announced a definitive agreement under which Covidien will acquire all of the outstanding shares of Given Imaging for $30.00 per share in cash, for a total of approximately $860 million, net of cash and investments acquired. This transaction provides Covidien additional scale and scope to serve the multibillion dollar global gastrointestinal (GI) market and supports the Company's strategy to comprehensively address key global specialties and procedures.

Covidien is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Co.'s reportable segments are as follows: Medical Devices, which includes the sales of advanced and general surgical solutions, peripheral vascular and neurovascular therapies, patient monitoring products, and airway and ventilation products; and U.S. Medical Supplies, which includes the sale of nursing care products, medical surgical, SharpSafety™ and original equipment manufacturer products. Co.'s medical devices are used primarily by hospitals and ambulatory care centers, as well as alternate site healthcare providers, such as physician offices.

Open the COV Page at The Online Investor »

Covidien is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. Co.'s reportable segments are as follows: Medical Devices, which includes the sales of advanced and general surgical solutions, peripheral vascular and neurovascular therapies, patient monitoring products, and airway and ventilation products; and U.S. Medical Supplies, which includes the sale of nursing care products, medical surgical, SharpSafety™ and original equipment manufacturer products. Co.'s medical devices are used primarily by hospitals and ambulatory care centers, as well as alternate site healthcare providers, such as physician offices.

Open the GIVN Page at The Online Investor »

Company Name:  Covidien Plc
Stock buyback:  COV buyback
Website:  www.covidien.com
Sector:  Medical Instruments & Supplies
Company Name:  Given Imaging Ltd.
Website:  www.givenimaging.com
Sector:  Medical Instruments & Supplies
 

April 30, 2024    8:11 AM Eastern
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