10.21.12, 11:45–Fujifilm Holdings Corporation is the key negotiator for the acquisition of Israeli medical technology company Given Imaging from IDB.
Given reported on Thursday that it was in early stages of talks over its acquisition for a price that reflects a $750 million market cap for Given – 34% higher than its value on NASDAQ, Calcalist has learned.
Given’s shares catapulted by 20% following the company’s announcement Thursday.
Nochi Dankner, who owns the controlling interest in Given, tried to obtain a deal at a value of over $1 billion, but will have to settle for less in light of the company’s pressing need for cash.
The acquisition of Given will be held through a tender offer led by Barclays Bank. The tender envelopes were opened about 10 days ago…Read More>>