CORDIS ENTERING ELECTROPHYSIOLOGY ARENA VIA WEBSTER LABS BUY
This article was originally published in The Gray Sheet
Executive Summary
CORDIS ENTERING ELECTROPHYSIOLOGY ARENA VIA WEBSTER LABS BUY, under a definitive agreement announced Jan. 21. The stock-for- stock transaction, estimated to be worth approximately $85 mil., "is structured as a tax-free reorganization of Webster and is expected to be accounted for as a pooling of interests," Cordis said. The deal is expected to close in the first calendar quarter of 1994.