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Spacelabs sale could be tough.

The Daily Deal

| September 04, 2003 | COPYRIGHT 2003 The Deal LLC. (Hide copyright information)Copyright

Byline: Patricia Koza

U.S. suitors may take the lead over European rivals in bidding for the Spacelabs Medical division of Finnish medical equipment maker Instrumentarium Corp., which is on the market after a European Commission takeover ruling earlier this week, but interest is expected to be tepid.

Analysts believe that Spacelabs, which makes medical devices, will be tougher to sell than last year -- when 15 companies entered due diligence before Instrumentarium eventually acquired it in July 2002 for about [Euro]142 million ($154 million).

"I have a gut feeling that it might not be so easy to find a buyer, at least one that will pay a decent …

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