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Luther Medical/MedChem

This article was originally published in The Gray Sheet

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Executive Summary

Catheter systems manufacturer Luther Medical receives acquisition offer from MedChem Products. According to Luther, MedChem is opening negotiations "with a valuation range of $3.50- 4 per share, payable in cash and/or MedChem common stock," making the deal worth $10-11.5 mil. On Sept. 15, the day of the MedChem offer, Luther stock closed at $2.875 per share. Commenting on the offer, Luther President and CEO David Rollo says that the company's board "will meet soon to consider the MedChem proposal seriously"

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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