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DePuy prices flotation in the middle of estimated range

This article was originally published in Clinica

Executive Summary

Orthopaedics company DePuy has priced its initial public offering on the New York Stock Exchange at $17.50 a share, in the middle of the price range assumed in the prospectus. Of the 14.8 million shares offered, representing 15% of DePuy, 7.8 million were issued by the company and 7.0 million by its parent Corange, which also owns German diagnostics company Boehringer Mannheim.

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