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CSII Cardiovascular Systems Inc

20.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cardiovascular Systems Inc NASDAQ:CSII NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 20.00 19.99 20.00 0 01:00:00

Abbott Laboratories to Acquire Cardiovascular Systems At Equity Value of $890 Million

08/02/2023 11:52pm

Dow Jones News


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By Kathryn Hardison

 

Abbott Laboratories plans to acquire medical-device company Cardiovascular Systems Inc. in a deal that will boost Abbott's vascular disease offerings.

Under the terms, Cardiovascular Systems stockholders will receive $20 per common share at a total expected equity value of about $890 million, the companies said Wednesday.

Cardiovascular Systems, or CSI, specializes in devices for atherectomy, a minimally invasive treatment for plaque build-up in arteries that can restrict blood flow, the companies said. It also has an early-stage pipeline of complementary vascular intervention devices in development.

The transaction, which has been approved by the boards of directors of CSI and Abbott, is subject to the approval of CSI stockholders and applicable regulatory approvals.

J.P. Morgan Securities LLC is serving as financial adviser to CSI.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

February 08, 2023 18:37 ET (23:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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