Great growth stories in med-tech really are a "now you see it, now you don't" proposition, as large rivals either whittle away the growth with competition or buy the company outright. The latter proved to be the fate for ZOLL Medical (ZOLL) as this fast-growing med-tech company accepted an all-cash takeover bid.
The Deal
ZOLL Medical announced that it accepted an all-cash offer from Japan's Asahi Kasei for $2.21 billion, or $93 per share in cash. At this price, ZOLL shareholders get a 24% premium to Friday's close, more than 27 times trailing EBTIDA, and more than four times trailing revenue.
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Zoll Medical: One Of The Best Growth Stories Is Gone
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