Medtronic, Inc. Acquires Ablation Frontiers, Inc. for $225,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ca5160f1-9ac7-4458-b22f-0f0c44645a5f&Preview=1
Date
1/12/2009
Company Name
Ablation Frontiers, Inc.
Mailing Address
6354 Corte Del Abeto Carlsbad, CA 92011
Company Description
Ablation Frontiers is a medical device company committed to expanding the possibilities to Atrial Fibrillation treatment.
Website
http://www.ablationfrontiers.com
Transaction Type
M&A
Transaction Amount
$225,000,000
Transaction Round
Proceeds Purposes
M&A Terms
Medtronic, Inc. (NYSE: MDT) and privately held Ablation Frontiers, Inc., today announced that the two companies have entered into an agreement whereby Medtronic will acquire Ablation Frontiers for an initial payment of $225 million plus potential additional payments contingent upon achievement of certain clinical milestones.