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COH Cochlear Limited

320.74
-1.49 (-0.46%)
24 May 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Cochlear Limited ASX:COH Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.49 -0.46% 320.74 317.98 323.00 321.19 317.10 318.85 110,194 09:50:00

Sonova:Able To Pursue Further Growth Post Advanced Bionics Buy

09/11/2009 10:32am

Dow Jones News


Cochlear (ASX:COH)
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From May 2019 to May 2024

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Swiss hearing aid maker Sonova Holdings AG (SOON.VX) will maintain sufficient financial flexibility to pursue further growth initiatives after announcing plans to buy U.S.-based cochlear implant systems maker Advanced Bionics Corporation, Chief Executive Valentin Chapero said Monday.

Earlier Monday, Sonova said it plans to buy the U.S.-based cochlear implant systems maker for $489 million, which was widely welcomed by the market.

The deal, which costs Sonova a total of 510 million Swiss francs ($505.9 million), is subject to regulatory approval.

Sonova will report first half figures for its 2010 fiscal year on Tuesday.

Company Web Site: http://www.sonova.com

-By Julia Mengewein, Dow Jones Newswires; +41 43 443 80 45; julia.mengewein@dowjones.com

 
 

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