Thermo Electron preys on Bird Medical Technologies:
This article was originally published in Clinica
Executive Summary
Thermo Electron has acquired Bird Medical Technologies in a $58 million stock-for-stock merger. Bird Medical's stock will be valued at $8 per share, representing a premium of about 20% on the pre-bid share price. Based in California, Bird Medical manufactures respiratory care equipment and infection control products and reported sales of $54 million in 1994. Thermo Electron had $1,585 million revenues last year (see Clinica No 656, p 13).