Philips to Buy Spectranetics for $38.50/Shr in Cash
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
PHIA NA (Koninklijke Philips NV)
SPNC US (Spectranetics Corp/The)
Topics
BFW Debt Capital Mkts Europe
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UUID: 7947283
(Bloomberg) -- Philips will commence a tender offer to acquire Spectranetics for $38.50/share, to be paid in cash upon completion.
- Deal implies EV ~EU1.9b, inclusive of Spectranetics’ cash and debt
- Philips to finance acquisition through combination of cash on hand and issuance of debt
- Transaction expected to close in 3Q
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
PHIA NA (Koninklijke Philips NV)
SPNC US (Spectranetics Corp/The)
Topics
BFW Debt Capital Mkts Europe
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283