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AngioDynamics buys Rita Medical for $220mm in cash & stock

Executive Summary

AngioDynamics (devices to diagnose and treat peripheral artery disease) has acquired Rita Medical (devices to treat cancerous tumors) for $220mm consisting of 0.1722 of an AngioDynamics common share (valued at $3.72) and an amount of cash that uses a formula determined by the average price of AngioDynamics stock leading up to the closing of the transaction. Rita shareholders will own 34.5% of AngioDynamics, which will also assume $3.3mm in debt as part of the merger.
Deal Industry
  • Medical Devices
  • Medical Devices
    • Implantable Devices
    • Infusion Therapy Equipment and Supplies
    • Radiofrequency Devices
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Payment Includes Stock

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