Abbott
This article was originally published in The Gray Sheet
Executive Summary
Proceeds from the sale of 9 mil. shares of common stock by the company in an underwritten offering through Goldman Sachs will be used in connection with the company's planned acquisition of Perclose and for general corporate purposes, Abbott announces Nov. 11. The $680 mil. pooling-of-interests transaction was announced July 8 (1"The Gray Sheet" July 12, p. 3). The sale should raise in the neighborhood of $330 mil. based on the firm's current stock price