Johnson & Johnson Acquires Micrus Endovascular for $480,000,000

  • Feed Type
  • Date
    7/12/2010
  • Company Name
    Micrus Endovascular
  • Mailing Address
    821 Fox Lane San Jose, CA 95131
  • Company Description
    Micrus Endovascular manufactures and markets both implantable and disposable medical devices used in the treatment of cerebral vascular diseases. Our products are used by interventional neuroradiologists and neurosurgeons primarily to treat cerebral aneurysms in the brain responsible for hemorrhagic stroke, a significant cause of death in the United States.
  • Website
    http://www.micruscorp.com
  • Transaction Type
    M&A
  • Transaction Amount
    $480,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Under the terms of the agreement, Micrus Endovascular stockholders will receive at closing $23.40 for each outstanding Micrus Endovascular share. The value of the transaction as of the anticipated closing date is estimated to be approximately $480 million, based upon Micrus Endovascular’s 20.5 million fully diluted shares outstanding.

Trending on Xconomy