Australian Medical Device Firm Sirtex Accepts CHD’s $1.4B Acquisition Bid


Australian medical device company Sirtex Medical Limited (ASX: SRX) announced today that its board of directors has recommended acceptance of a A$1.87 billion (US$1.4 billion) acquisition proposal by Chinese alternative asset fund manager CDH Investments. CDH proposed to acquire Sirtex in May, but at the time Sirtex said it preferred a bid from New York Exchange-listed Varian. Varian offered to buy the firm for A$28 per share in cash, while CDH offered A$33.6 per share. The proposal has been amended …

Australian Medical Device Firm Sirtex Accepts CHD’s $1.4B Acquisition Bid appeared first on China Money Network.


Print Print | Email Email | Category: China News

Sorry, comments are closed at this time.