logo
Share SHARE
FONT-SIZE Plus   Neg

St. Jude Medical Acquires Endosense - Quick Facts

St. Jude Medical Inc. (STJ) announced the acquisition of Endosense SA, a Switzerland-based medical technology company focused on improving the efficacy, safety and accessibility of catheter ablation for the treatment of cardiac arrhythmias. St. Jude Medical has made an initial payment of approximately $170 million, and acquired 100 percent of the outstanding equity of Endosense. The terms also provide for an additional cash payment of up to $161 million, which is contingent upon both the achievement and timing of a regulatory milestone.

St. Jude Medical said, except for acquisition-related expenses, the deal does not impact its outlook for 2013 consolidated earnings per share.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Tech giant Apple Inc. has developed a new technology that will prohibit audiences using their iPhones to record concerts. The Cupertino, California-based company has secured a patent in the US for its new technology. The technology uses infrared signals to shut down cameras on audience members' smartphones. The... Snacks giant Mondelez International Inc. (MDLZ) made a takeover bid of $23 billion to acquire chocolate behemoth Hershey Co. (HSY) that would create the world's largest chocolate company. Nevertheless, shares of Hershey jumped over 15 percent after the company revealed that it has rejected the offer. "The... Mortgage rates dropped this week to the lowest level in more than three years hurt by the UK's shocking decision to exit European Union. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 3.48 percent for the week ended...
comments powered by Disqus
Follow RTT